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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 2024-06-24 View latest technical analysis

10 day averaged volume of Shalimar Paints is 180973

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	144.96	144.00	146.59	141.55	0.524 times
21 Fri Jun 2024	144.37	145.80	147.50	143.35	1.23 times
20 Thu Jun 2024	144.43	145.01	149.17	143.01	1.4 times
19 Wed Jun 2024	144.62	146.20	146.36	143.56	0.901 times
18 Tue Jun 2024	145.07	150.00	152.00	144.10	1.212 times
14 Fri Jun 2024	149.67	150.24	151.70	148.80	1.095 times
13 Thu Jun 2024	149.21	154.00	155.24	148.70	0.99 times
12 Wed Jun 2024	153.37	154.25	159.00	152.00	0.812 times
11 Tue Jun 2024	154.50	151.60	156.90	147.22	0.798 times
10 Mon Jun 2024	150.42	153.00	155.44	149.27	1.211 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 143.5 as stoploss in an intra day buy trade for a target of 147.64. However, stock will show a bearish move below 143.5.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	134.20
Downside Target	141.55
Upside Target	150.70
Upside Target	159.00
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	142.14
Downside Intraday Target	139.33
Upside Intraday Target	147.18
Upside Intraday Target	149.41
Downside Intraday Target	144.37

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	144.96	144.00	146.59	141.55	0.11 times
21 Fri Jun 2024	144.37	150.00	152.00	143.01	0.967 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

Price has moved up 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
24 Mon Jun 2024	144.96	155.00	159.00	134.20	0.823 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 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 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 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 moving up

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 147.79 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.