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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 2024-07-01 View latest technical analysis

10 day averaged volume of Shalimar Paints is 182395

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	139.67	137.50	142.98	137.50	1.141 times
28 Fri Jun 2024	138.01	140.00	140.03	137.05	0.929 times
27 Thu Jun 2024	138.38	140.70	141.63	137.46	0.547 times
26 Wed Jun 2024	139.88	140.55	142.21	138.07	1.255 times
25 Tue Jun 2024	140.57	146.00	146.39	139.20	0.956 times
24 Mon Jun 2024	144.96	144.00	146.59	141.55	0.52 times
21 Fri Jun 2024	144.37	145.80	147.50	143.35	1.221 times
20 Thu Jun 2024	144.43	145.01	149.17	143.01	1.389 times
19 Wed Jun 2024	144.62	146.20	146.36	143.56	0.894 times
18 Tue Jun 2024	145.07	150.00	152.00	144.10	1.202 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 140, but if it comes above 140, then a intra day buy could be more profitable.
If you take a sell trade below 140, then use 140 as stoploss and 133.8 as target. However if you take a buy trade in stock , then use 140 as stoploss and 145.22 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	134.20
Downside Target	137.05
Upside Target	142.98
Upside Target	150.70
Upside Target	152.00
Upside Target	155.00
Upside Target	159.00
Upside Target	162.15
Upside Target	177.00
Upside Target	183.00
Upside Target	199.80

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	137.12
Downside Intraday Target	134.57
Upside Intraday Target	142.6
Upside Intraday Target	145.53
Upside Intraday Target	140.05

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jul 2024	139.67	137.50	142.98	137.50	0.271 times
28 Fri Jun 2024	138.01	144.00	146.59	137.05	0.894 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

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
01 Mon Jul 2024	139.67	137.50	142.98	137.50	0.064 times
28 Fri Jun 2024	138.01	155.00	159.00	134.20	1.036 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

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 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 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 SELL signal for Shalimar Paints in short term and the sell signal is strong.

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 weakening, and bulls are picking up momentum!

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

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 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 142.15 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.