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(SHALPAINTS) Shalimar Paints complete technical analysis [charts+indicators] | Buy/Sell Shalimar Paints | (SHALPAINTS) share price targets

Complete technical analysis of Shalimar Paints (SHALPAINTS) by charts plus indicators, forecast predictions and share price targets for Shalimar Paints (SHALPAINTS)

Shalimar Paints trades in NSE in Furniture-Furnishing-Paints sector.

10 day averaged volume of Shalimar Paints is 239593

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	170.75	169.35	173.40	169.35	0.658 times
26 Fri Apr 2024	168.55	170.00	172.00	167.65	0.631 times
25 Thu Apr 2024	167.60	168.00	170.40	167.10	0.663 times
24 Wed Apr 2024	168.05	169.90	172.65	167.15	0.699 times
23 Tue Apr 2024	169.10	174.75	176.75	167.30	1.075 times
22 Mon Apr 2024	174.70	173.20	178.45	173.20	1.969 times
19 Fri Apr 2024	172.10	165.00	173.80	165.00	1.35 times
18 Thu Apr 2024	168.80	168.90	174.95	167.45	1.75 times
16 Tue Apr 2024	164.90	163.50	166.50	162.85	0.28 times
15 Mon Apr 2024	165.10	168.45	168.45	162.15	0.609 times

My analysis of stock is bullish for shortterm, and stock might move up till 174 or till 178.1. Use a stoploss of 170.58 and if this stock hits its stoploss, then it can fall down till 167.14

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Downside Target	162.15
Upside Target	173.40
Upside Target	178.45
Upside Target	182.00
Upside Target	183.00
Upside Target	199.80
Upside Target	210.15
Upside Target	214.25
Upside Target	224.15

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	168.93
Downside Intraday Target	167.12
Upside Intraday Target	172.98
Upside Intraday Target	175.22
Upside Intraday Target	171.17

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	170.75	169.35	173.40	169.35	0.131 times
26 Fri Apr 2024	168.55	173.20	178.45	167.10	1.262 times
19 Fri Apr 2024	172.10	168.45	174.95	162.15	0.947 times
12 Fri Apr 2024	168.90	176.00	182.00	167.65	0.716 times
05 Fri Apr 2024	176.00	166.75	183.00	166.75	1.09 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	170.75	166.75	183.00	162.15	0.524 times
28 Thu Mar 2024	166.10	173.50	199.80	150.70	0.936 times
29 Thu Feb 2024	173.45	201.90	210.15	165.00	0.515 times
31 Wed Jan 2024	200.80	177.70	224.15	177.00	0.621 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shalimar Paints (SHALPAINTS)

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shalimar Paints stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Shalimar Paints in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shalimar Paints Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shalimar Paints in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shalimar Paints is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 170.13 and Shalimar Paints (SHALPAINTS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Shalimar Paints (SHALPAINTS) stock. Volume based technical analysis of Shalimar Paints (SHALPAINTS) stock is negative.

Shalimar Paints Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.