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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 2024-05-27 View latest technical analysis

10 day averaged volume of Shalimar Paints is 125244

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon May 2024	153.20	155.95	156.20	152.05	0.56 times
24 Fri May 2024	154.40	158.15	159.60	154.05	0.743 times
23 Thu May 2024	157.80	156.70	158.25	156.70	0.219 times
22 Wed May 2024	156.10	156.70	160.45	155.15	1.871 times
21 Tue May 2024	155.60	161.10	161.45	154.65	1.602 times
18 Sat May 2024	162.20	155.35	165.20	154.45	0.559 times
17 Fri May 2024	159.65	159.65	163.25	158.90	1.866 times
16 Thu May 2024	158.55	161.00	161.65	157.60	0.622 times
15 Wed May 2024	159.15	160.90	162.95	158.50	1.034 times
14 Tue May 2024	159.90	160.20	161.25	158.90	0.92 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 155.9, but if it comes above 155.9, then a intra day buy could be more profitable.
If you take a sell trade below 155.9, then use 155.9 as stoploss and 148.6 as target. However if you take a buy trade in stock , then use 155.9 as stoploss and 161.99 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Upside Target	161.45
Upside Target	169.35
Upside Target	175.65
Upside Target	177.00
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	151.43
Downside Intraday Target	149.67
Upside Intraday Target	155.58
Upside Intraday Target	157.97
Upside Intraday Target	153.82

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon May 2024	153.20	155.95	156.20	152.05	0.126 times
24 Fri May 2024	154.40	161.10	161.45	154.05	0.797 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

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
27 Mon May 2024	153.20	171.00	177.00	152.05	0.566 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 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 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 157.59 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.