Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-05-18 View latest technical analysis

10 day averaged volume of Shalimar Paints is 152307

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	162.20	155.35	165.20	154.45	0.46 times
17 Fri May 2024	159.65	159.65	163.25	158.90	1.535 times
16 Thu May 2024	158.55	161.00	161.65	157.60	0.511 times
15 Wed May 2024	159.15	160.90	162.95	158.50	0.85 times
14 Tue May 2024	159.90	160.20	161.25	158.90	0.756 times
13 Mon May 2024	159.10	160.65	161.95	157.95	0.464 times
10 Fri May 2024	159.85	159.00	160.75	158.05	0.536 times
09 Thu May 2024	158.50	166.70	167.45	158.00	1.395 times
08 Wed May 2024	167.05	163.30	170.45	160.60	1.283 times
07 Tue May 2024	163.90	168.00	168.30	162.00	1.197 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 160.1 as stoploss in an intra day buy trade for a target of 165.54. However, stock will show a bearish move below 160.1.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Downside Target	154.45
Downside Target	158.00
Downside Target	162.15
Upside Target	174.95
Upside Target	177.00
Upside Target	178.45
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	156.03
Downside Intraday Target	149.87
Upside Intraday Target	166.78
Upside Intraday Target	171.37
Downside Intraday Target	160.62

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	162.20	160.65	165.20	154.45	0.778 times
10 Fri May 2024	159.85	172.20	175.65	158.00	0.983 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

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
18 Sat May 2024	162.20	171.00	177.00	154.45	0.439 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 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 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.

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

Shalimar Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 161.12 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 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.