Asian Paints has recently shown a strong bullish breakout on the 1-hour timeframe, signaling a potential reversal after months of downtrend. As we are looking the breakout on 1 Hour time frame its better to keep target in the range of 5% to 8%.
Traders and investors who are good at price action will notice several key technical developments like descending trendline breakout, with a volume spike, and most important critical support zone flip.
In this article, we will dig more into latest technical analysis of Asian Paints and try to predict short-term price movement for July 2025.
Asian Paint 1 hour Trendline Breakout
From April to June 2025, Asian Paints was moving in a clear downtrend and this obvious if we look at the chart i.e. forms lower highs along a descending trendline. Trendline which is clearly seen the screenshot acted as a strong dynamic resistance.
In early July, however, the stock broke above the trendline with strong momentum [ good volume spike ], indicating a bullish reversal. Such breakouts are significant, especially when accompanied by rising volume, as seen in the chart.
Horizontal Resistance Zone Becomes Support
Alongside the trendline, a horizontal resistance zone around ₹2,295–₹2,310 (highlighted in pink) was tested multiple times throughout the month of June. This zone had previously acted as a supply area, rejecting upward moves.
Key Things to observe after the breakout :
- The price retested this zone after the resistance and trendline breakout
- Held successfully and bounced sharply.
We can assume this as a support turned resistance flip, which is a classic bullish signal in price action trading.
Once the Price crosses the high of breakout candle, it is idle to enter the stock and we can expect the stock movement to ₹ 2465.
Conclusion :
Asian Paints ha shown strong bullish momentum on the 1-hour chart, backed by technical confluence i.e. trendline breakout, with the combination support zone flip and volume spike. As long as the price holds above ₹2,295, the stock is likely to continue its upward journey.
Disclaimer : This is a technical analysis-based opinion for educational purposes only. Please do your own research or consult a SEBI-registered advisor before investing or trading.