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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 2024-06-27 View latest technical analysis

10 day averaged volume of Shalimar Paints is 188068

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	138.38	140.70	141.63	137.46	0.531 times
26 Wed Jun 2024	139.88	140.55	142.21	138.07	1.217 times
25 Tue Jun 2024	140.57	146.00	146.39	139.20	0.928 times
24 Mon Jun 2024	144.96	144.00	146.59	141.55	0.504 times
21 Fri Jun 2024	144.37	145.80	147.50	143.35	1.184 times
20 Thu Jun 2024	144.43	145.01	149.17	143.01	1.347 times
19 Wed Jun 2024	144.62	146.20	146.36	143.56	0.867 times
18 Tue Jun 2024	145.07	150.00	152.00	144.10	1.166 times
14 Fri Jun 2024	149.67	150.24	151.70	148.80	1.054 times
13 Thu Jun 2024	149.21	154.00	155.24	148.70	0.953 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 141.3, but if it comes above 141.3, then a intra day buy could be more profitable.
If you take a sell trade below 141.3, then use 141.3 as stoploss and 135.6 as target. However if you take a buy trade in stock , then use 141.3 as stoploss and 146.02 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	134.20
Downside Target	137.46
Upside Target	143.01
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	135.03
Downside Intraday Target	131.68
Upside Intraday Target	144.16
Upside Intraday Target	149.94
Upside Intraday Target	140.81

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	138.38	144.00	146.59	137.46	0.697 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 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 Thu Jun 2024	138.38	155.00	159.00	134.20	0.982 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 144.31 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.