ASIANPAINT Technical Analysis

📉 ASIANPAINT Technical Analysis (Daily Chart) – May 30, 2025

Current Price: ₹2,257.20
Change: -₹37.10 (-1.62%)

🔍 Chart Breakdown:

Support Trendline Broken: Price has decisively broken below the rising trendline, indicating bearish pressure.

Target Zone: ₹2,124.75 marked as the next potential downside target, aligning with previous demand/support.

FVG/GAP Zone: A Fair Value Gap (FVG) remains unfilled above ~₹2,600–₹2,680 — this may act as a resistance zone if price reverses.

Bearish Sentiment: Momentum is tilting bearish unless price recovers and reclaims the trendline.


📌 Outlook:
As long as price sustains below the trendline, downside towards ₹2,125 looks probable. Bulls may wait for signs of reversal near the target zone or reclaim of the trendline for long setups.