Asian Paints Eyes Reversal From Support; SEBI RA Krishna Pathak Sees Accumulation Opportunity
Synopsis
The analyst has set upside targets at ₹2,456 and ₹2,645 if the reversal sustains.
Asian Paints is trading near a critical support zone of ₹2,170–₹2,230 and could be poised for a bullish reversal, according to SEBI-registered research analyst Krishna Pathak.
At the time of writing, Asian Paints shares were trading at ₹2,223.00, down 1.11% for the day.
At the time of analysis, shares were trading around ₹2,227, with the 9-week exponential moving average (EMA) at ₹2,250 acting as dynamic resistance.
Pathak said previous buying interest was noted between ₹2145 and ₹2170, which could offer a fresh accumulation opportunity.
A close below ₹2,100–₹2,050 may lead to deeper corrections, and Pathak advised maintaining a strict stop-loss.
He expects potential upside targets at ₹2,456 and ₹2,645 if the reversal plays out.
On Stocktwits, retail sentiment was ‘bullish’ amid ‘normal’ message volume.
The stock has declined 3.5% so far in 2025.
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
Stay updated with all the latest Business News, including market trends, Share Market News, stock updates, taxation, IPOs, banking, finance, real estate, savings, and investments. Track daily Gold Price changes, updates on DA Hike, and the latest developments on the 8th Pay Commission. Get in-depth analysis, expert opinions, and real-time updates to make informed financial decisions. Download the Asianet News Official App from the Android Play Store and iPhone App Store to stay ahead in business.