ASIANPAINT· Materials› Paints

Asian Paints Ltd

Stage 3 · Topping · week 5

As of 9 Oct 2026, Asian Paints is in Stage 3 — topping, where an uptrend loses steam, in week 5 (since 3 Sep 2026). It closed at ₹2,339, 21.2% below its 52-week high and below its 200-day average, which is falling. In Materials, 35.1% of stocks are in Stage 2.

Asian Paints Limited, together with its subsidiaries, engages in the manufacture, distribution, and sale of paints, coatings, and products related to home decoration and bath fittings in India, Asia,… More about the company

₹2,339.1
+1.19% today
₹2.24L Cr · Large cap
Market Neutral — FadingMaterials 35.1% in Stage 2-0.9 pts / 20dPaints 20.0%0.0 pts

Pro read

Pro

Our read

Topping — the uptrend is tiring

Setup score

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Momentum

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₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-21.2%
₹2,121.3 lo₹2,968.5 hi
21.2% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 5
1w13w26w
Week 5 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
-8.4%
200 DMA: ₹2,554.7 · sloping down
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.34x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -3.3% vs MA50 -4.2%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
-5.7%
3M
-12.6%
6M
+2.5%
YTD
-16.7%
1Y
+0.3%
Sector
Materials
→ Flat
Stage 2%
35.1%
20d Δ
-0.9pp
1M return
-6.7%
3M return
-4.3%
Sector Stage-2 % · last 20 days
Sector has 158 Stage 2 leaders. See Materials Stage 2 →
Industry
Paints
→ Flat
Stage 2%
20.0%
20d Δ
+0.0pp
1M return
-5.1%
3M return
-10.9%
Industry Stage-2 % · last 20 days
Industry has 1 Stage 2 leader. See Paints Stage 2 →
Stage Cycle Timeline2023-07-14 → 2026-10-09
S3 15w
S4 17w
S4 19w
S2 25w
2023-07-142026-10-09
S1S2S3S4Setup score (0–10, dashed line at 5)
S2 8w → S3 15w → S2 8w → S3 1w → S4 17w → S1 11w → S2 10w → S3 3w → S4 19w → S1 10w → S4 5w → S1 3w → S2 25w → S3 5w → S4 8w → S1 5w → S2 11w → S3 5w current
Total tracked: 168 weeks across 18 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-06-17
3 appearances in last 60 days. First seen: 2024-08-26.
Stocks that stay in the scan for 13+ weeks are in the highest observed-return cohort — they keep qualifying because the structure remains intact, not by luck. Persistence in the scan is itself a quality signal.
Recent Stage Timeline
2026-10-09S3
Wk 5 · Vol 0.34x
2026-10-08S3
Wk 5 · Vol 0.87x
2026-10-07S3
Wk 5 · Vol 0.69x
2026-10-06S3
Wk 5 · Vol 0.58x
2026-10-05S3
Wk 5 · Vol 1.22x
2026-10-01S3
Wk 4 · Vol 1.35x
2026-09-30S3
Wk 4 · Vol 0.74x
2026-09-29S3
Wk 4 · Vol 1.22x
2026-09-28S3
Wk 4 · Vol 1.50x
2026-09-25S3
Wk 4 · Vol 0.58x
2026-09-24S3
Wk 3 · Vol 0.35x
2026-09-23S3
Wk 3 · Vol 0.53x
Sector Peers — Stage 2All →
OCCLLTD
wk 16 · 0.0% from hi
9.4
CUBEXTUB
wk 1 · -1.3% from hi
9.4
VENUSPIPES
wk 19 · -10.6% from hi
9.0
MUKANDLTD
wk 20 · -5.3% from hi
8.9
PLASTIBLEN
wk 16 · -1.6% from hi
8.4
Moving averages & range
50 DMA
₹2,560.1
200 DMA
₹2,554.7
52W High
₹2,968.5
52W Low
₹2,121.3
5D Low
₹2,311.6
Resistance levels (recent highs)
20d High
₹2,498.1
60d High
₹2,810
120d High
₹2,810
250d High
₹2,968.5
Next resistance
+6.8%
to 20d High
Ask the Market AI about ASIANPAINTAsk →
P/E (TTM)
66.4
Forward 53.4
Earnings Growth (YoY)
-4.6%
Revenue +3.7%
Dividend Yield
0.95%
P/B 13.1
About this companyMaterials· Paints

Asian Paints Limited, together with its subsidiaries, engages in the manufacture, distribution, and sale of paints, coatings, and products related to home decoration and bath fittings in India, Asia, the Middle East, Africa, and the South Pacific region. The company offers wall coverings; waterproofing products; adhesives; and bath fittings and sanitaryware, modular kitchens and wardrobes, fabric, furnishings and rugs, decorative lightings, unplasticized polyvinyl chloride windows and door systems, textures and painting aids, and mechanized tools, as well as personalized interior design, homes painting, color consultancy projects, and homes services; and wood solutions. It also provides interior and exterior wall finishes, enamels, tools, undercoats, thinners, and varnishers. The company offers its products under the Asian Paints, SCIB Paints, Apco Coatings, Asian Paints Berger, Taubmans, Asian Paints Causeway, and Kadisco Asian Paints brand names through a network of dealers and retail stores, as well as operates asianpaints.com, an online shop. Asian Paints Limited was founded in 1942 and is headquartered in Mumbai, India.

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All analytics based on EOD data. Data as of 2026-10-09. Past data patterns are not indicative of future results. This page is a data analytics tool only.