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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 2024-06-07 View latest technical analysis

10 day averaged volume of Shalimar Paints is 121436

Date	Daily Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	150.40	151.85	153.95	149.30	0.525 times
06 Thu Jun 2024	149.95	139.95	153.30	139.95	2.086 times
05 Wed Jun 2024	139.40	141.00	142.75	137.90	0.658 times
04 Tue Jun 2024	138.35	149.75	149.75	134.20	1.615 times
03 Mon Jun 2024	149.10	155.00	155.00	148.00	1.299 times
31 Fri May 2024	147.00	146.80	148.10	144.20	0.844 times
30 Thu May 2024	146.70	149.80	150.00	145.20	0.546 times
29 Wed May 2024	149.55	148.55	150.40	148.00	0.501 times
28 Tue May 2024	148.55	154.15	154.55	148.10	1.109 times
27 Mon May 2024	153.20	155.95	156.20	152.05	0.577 times

My analysis of stock is bearish for shortterm, and stock might move down till 146.2 or till 138.3. Use a stoploss of 152.73 and if the stock hits stoploss, then it can shoot up till 159.29

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	134.20
Downside Target	144.20
Upside Target	150.70
Upside Target	154.05
Upside Target	161.45
Upside Target	165.00
Upside Target	165.20
Upside Target	175.65
Upside Target	177.00
Upside Target	183.00
Upside Target	199.80
Upside Target	210.15

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	138.07
Downside Intraday Target	125.73
Upside Intraday Target	158.87
Upside Intraday Target	167.33
Downside Intraday Target	146.53

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	150.40	155.00	155.00	134.20	1.729 times
31 Fri May 2024	147.00	155.95	156.20	144.20	0.782 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Fri Jun 2024	150.40	155.00	155.00	134.20	0.238 times
31 Fri May 2024	147.00	171.00	177.00	144.20	0.639 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

Scroll below to view daily charts

Price has moved up 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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.

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

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shalimar Paints in short term and BUY 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 146.81 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.