(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 2024-04-16 View latest technical analysis
10 day averaged volume of Shalimar Paints is 256631
Date | Daily Closing Price | Open | High | Low | Volume |
16 Tue Apr 2024 | 164.90 | 163.50 | 166.50 | 162.85 | 0.262 times |
15 Mon Apr 2024 | 165.10 | 168.45 | 168.45 | 162.15 | 0.569 times |
12 Fri Apr 2024 | 168.90 | 172.80 | 174.15 | 167.65 | 0.91 times |
10 Wed Apr 2024 | 172.80 | 171.05 | 177.40 | 171.05 | 0.672 times |
09 Tue Apr 2024 | 170.70 | 177.95 | 181.50 | 169.05 | 1.443 times |
08 Mon Apr 2024 | 176.15 | 176.00 | 182.00 | 175.65 | 0.909 times |
05 Fri Apr 2024 | 176.00 | 177.05 | 178.60 | 174.05 | 0.681 times |
04 Thu Apr 2024 | 176.20 | 174.05 | 183.00 | 172.35 | 1.891 times |
03 Wed Apr 2024 | 173.75 | 170.20 | 175.90 | 167.95 | 1.414 times |
02 Tue Apr 2024 | 170.60 | 171.50 | 175.00 | 169.60 | 0.883 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 163.5 as stoploss in an intra day buy trade for a target of 168.52. However, stock will show a bearish move below 163.5.
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 | 161.88 |
Downside Intraday Target | 158.87 |
Upside Intraday Target | 168.18 |
Upside Intraday Target | 171.47 |
Upside Intraday Target | 165.17 |
Weekly technical analysis of Shalimar Paints (SHALPAINTS)
Date | Weekly Closing Price | Open | High | Low | Volume |
16 Tue Apr 2024 | 164.90 | 168.45 | 168.45 | 162.15 | 0.211 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 |
16 Tue Apr 2024 | 164.90 | 166.75 | 183.00 | 162.15 | 0.291 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 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 to mid 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 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 losing momentum.
MACD generated a BUY signal for Shalimar Paints in short term but the buy signal is initial and weak.
Shalimar Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 172.6 and Shalimar Paints (SHALPAINTS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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.
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 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 to mid 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 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 losing momentum.
MACD generated a BUY signal for Shalimar Paints in short term but the buy signal is initial and weak.
Shalimar Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and the buying is gaining momentum.
MRSI is in positive zone. This is a BUY zone
Although the stock is in the BUY zone, but buying 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 172.6 and Shalimar Paints (SHALPAINTS) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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.
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Daily charts
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