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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.

Showing technical analysis as on 2024-04-15 View latest technical analysis

10 day averaged volume of Shalimar Paints is 304887

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	165.10	168.45	168.45	162.15	0.479 times
12 Fri Apr 2024	168.90	172.80	174.15	167.65	0.766 times
10 Wed Apr 2024	172.80	171.05	177.40	171.05	0.566 times
09 Tue Apr 2024	170.70	177.95	181.50	169.05	1.215 times
08 Mon Apr 2024	176.15	176.00	182.00	175.65	0.765 times
05 Fri Apr 2024	176.00	177.05	178.60	174.05	0.573 times
04 Thu Apr 2024	176.20	174.05	183.00	172.35	1.592 times
03 Wed Apr 2024	173.75	170.20	175.90	167.95	1.19 times
02 Tue Apr 2024	170.60	171.50	175.00	169.60	0.743 times
01 Mon Apr 2024	170.80	166.75	171.90	166.75	0.528 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 163.8 as stoploss in an intra day buy trade for a target of 168.68. However, stock will show a bearish move below 163.8.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Downside Target	158.40
Upside Target	177.00
Upside Target	177.50
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	162.02
Downside Intraday Target	158.93
Upside Intraday Target	168.32
Upside Intraday Target	171.53
Upside Intraday Target	165.23

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	165.10	168.45	168.45	162.15	0.145 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
28 Thu Mar 2024	166.10	164.80	168.05	158.40	0.632 times
22 Fri Mar 2024	165.00	168.40	177.50	160.10	1.085 times

Price has moved down 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
15 Mon Apr 2024	165.10	166.75	183.00	162.15	0.284 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 down 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 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 short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short to mid 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

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

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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shalimar Paints in short term and SELL 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 172.68 and Shalimar Paints (SHALPAINTS) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative returns over a short term period. Returns for a longer term period have been negative.

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