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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 2024-06-13 View latest technical analysis

10 day averaged volume of Shalimar Paints is 142975

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	149.21	154.00	155.24	148.70	1.253 times
12 Wed Jun 2024	153.37	154.25	159.00	152.00	1.027 times
11 Tue Jun 2024	154.50	151.60	156.90	147.22	1.01 times
10 Mon Jun 2024	150.42	153.00	155.44	149.27	1.532 times
07 Fri Jun 2024	150.40	151.85	153.95	149.30	0.446 times
06 Thu Jun 2024	149.95	139.95	153.30	139.95	1.772 times
05 Wed Jun 2024	139.40	141.00	142.75	137.90	0.559 times
04 Tue Jun 2024	138.35	149.75	149.75	134.20	1.371 times
03 Mon Jun 2024	149.10	155.00	155.00	148.00	1.103 times
31 Fri May 2024	147.00	146.80	148.10	144.20	0.717 times

My analysis of stock is bearish for shortterm, and stock might move down till 145.5 or till 138.5. Use a stoploss of 151.27 and if the stock hits stoploss, then it can shoot up till 157.07

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	134.20
Downside Target	144.20
Downside Target	147.22
Upside Target	150.70
Upside Target	154.05
Upside Target	162.15
Upside Target	165.00
Upside Target	165.20
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	144.62
Downside Intraday Target	140.03
Upside Intraday Target	156.4
Upside Intraday Target	163.59
Upside Intraday Target	151.81

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	149.21	153.00	159.00	147.22	0.918 times
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

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
13 Thu Jun 2024	149.21	155.00	159.00	134.20	0.457 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 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 term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Weak and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 but SELL signal is weak.

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

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 148.4 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 rising upwards.

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 is giving positive 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.