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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 2024-05-06 View latest technical analysis

10 day averaged volume of Shalimar Paints is 244166

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	167.05	172.20	175.65	166.10	0.919 times
03 Fri May 2024	173.30	173.00	176.10	172.40	1.027 times
02 Thu May 2024	172.75	171.00	177.00	170.00	1.297 times
30 Tue Apr 2024	171.00	170.95	174.95	169.50	0.764 times
29 Mon Apr 2024	170.75	169.35	173.40	169.35	0.645 times
26 Fri Apr 2024	168.55	170.00	172.00	167.65	0.619 times
25 Thu Apr 2024	167.60	168.00	170.40	167.10	0.65 times
24 Wed Apr 2024	168.05	169.90	172.65	167.15	0.686 times
23 Tue Apr 2024	169.10	174.75	176.75	167.30	1.055 times
22 Mon Apr 2024	174.70	173.20	178.45	173.20	1.932 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 167.3, but if it comes above 167.3, then a intra day buy could be more profitable.
If you take a sell trade below 167.3, then use 167.3 as stoploss and 163.3 as target. However if you take a buy trade in stock , then use 167.3 as stoploss and 170.73 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Downside Target	162.15
Upside Target	174.95
Upside Target	177.00
Upside Target	178.45
Upside Target	182.00
Upside Target	183.00
Upside Target	199.80
Upside Target	210.15
Upside Target	224.15

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	163.55
Downside Intraday Target	160.05
Upside Intraday Target	173.1
Upside Intraday Target	179.15
Upside Intraday Target	169.6

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	167.05	172.20	175.65	166.10	0.246 times
03 Fri May 2024	173.30	169.35	177.00	169.35	0.756 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

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
06 Mon May 2024	167.05	171.00	177.00	166.10	0.161 times
30 Tue Apr 2024	171.00	166.75	183.00	162.15	0.545 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

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 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 term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 Weak 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 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 SELL signal in short term and selling is picking up 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 171.02 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.