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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 2024-05-07 View latest technical analysis

10 day averaged volume of Shalimar Paints is 234250

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue May 2024	163.90	168.00	168.30	162.00	0.778 times
06 Mon May 2024	167.05	172.20	175.65	166.10	0.957 times
03 Fri May 2024	173.30	173.00	176.10	172.40	1.071 times
02 Thu May 2024	172.75	171.00	177.00	170.00	1.352 times
30 Tue Apr 2024	171.00	170.95	174.95	169.50	0.796 times
29 Mon Apr 2024	170.75	169.35	173.40	169.35	0.673 times
26 Fri Apr 2024	168.55	170.00	172.00	167.65	0.645 times
25 Thu Apr 2024	167.60	168.00	170.40	167.10	0.678 times
24 Wed Apr 2024	168.05	169.90	172.65	167.15	0.715 times
23 Tue Apr 2024	169.10	174.75	176.75	167.30	1.099 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 162.5, for a target of 166.6 or 170.11

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Downside Target	162.00
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	158.72
Downside Intraday Target	153.53
Upside Intraday Target	172.37
Upside Intraday Target	180.83
Upside Intraday Target	167.18

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue May 2024	163.90	172.20	175.65	162.00	0.446 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
07 Tue May 2024	163.90	171.00	177.00	162.00	0.198 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 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 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 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 SELL signal for Shalimar Paints in short term and the sell signal is strong.

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 SELL signal in short term but selling is losing 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 169.55 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.