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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 2024-06-20 View latest technical analysis

10 day averaged volume of Shalimar Paints is 166690

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	144.43	145.01	149.17	143.01	1.52 times
19 Wed Jun 2024	144.62	146.20	146.36	143.56	0.978 times
18 Tue Jun 2024	145.07	150.00	152.00	144.10	1.315 times
14 Fri Jun 2024	149.67	150.24	151.70	148.80	1.189 times
13 Thu Jun 2024	149.21	154.00	155.24	148.70	1.075 times
12 Wed Jun 2024	153.37	154.25	159.00	152.00	0.881 times
11 Tue Jun 2024	154.50	151.60	156.90	147.22	0.866 times
10 Mon Jun 2024	150.42	153.00	155.44	149.27	1.314 times
07 Fri Jun 2024	150.40	151.85	153.95	149.30	0.382 times
06 Thu Jun 2024	149.95	139.95	153.30	139.95	1.52 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 144 as stoploss in an intra day buy trade for a target of 148.78. However, stock will show a bearish move below 144.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	134.20
Downside Target	143.01
Upside Target	147.22
Upside Target	150.70
Upside Target	159.00
Upside Target	161.45
Upside Target	162.15
Upside Target	165.00
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	140.96
Downside Intraday Target	137.49
Upside Intraday Target	149.95
Upside Intraday Target	155.47
Upside Intraday Target	146.48

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	144.43	150.00	152.00	143.01	0.716 times
14 Fri Jun 2024	149.67	153.00	159.00	147.22	1.182 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

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
20 Thu Jun 2024	144.43	155.00	159.00	134.20	0.722 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 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 neutral. A longer time frame might give a better analysis.

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.

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. 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 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 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 148.74 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 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.