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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 2024-05-21 View latest technical analysis

10 day averaged volume of Shalimar Paints is 136879

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	155.60	161.10	161.45	154.65	1.465 times
18 Sat May 2024	162.20	155.35	165.20	154.45	0.511 times
17 Fri May 2024	159.65	159.65	163.25	158.90	1.708 times
16 Thu May 2024	158.55	161.00	161.65	157.60	0.569 times
15 Wed May 2024	159.15	160.90	162.95	158.50	0.946 times
14 Tue May 2024	159.90	160.20	161.25	158.90	0.842 times
13 Mon May 2024	159.10	160.65	161.95	157.95	0.516 times
10 Fri May 2024	159.85	159.00	160.75	158.05	0.597 times
09 Thu May 2024	158.50	166.70	167.45	158.00	1.552 times
08 Wed May 2024	167.05	163.30	170.45	160.60	1.428 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 159.2, but if it comes above 159.2, then a intra day buy could be more profitable.
If you take a sell trade below 159.2, then use 159.2 as stoploss and 152.7 as target. However if you take a buy trade in stock , then use 159.2 as stoploss and 164.58 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Downside Target	154.45
Upside Target	158.00
Upside Target	161.45
Upside Target	175.65
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	153.02
Downside Intraday Target	150.43
Upside Intraday Target	159.82
Upside Intraday Target	164.03
Upside Intraday Target	157.23

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	155.60	161.10	161.45	154.65	0.288 times
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

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
21 Tue May 2024	155.60	171.00	177.00	154.45	0.479 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 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.

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 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 negative zone. This is the SELL 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 159.96 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.