Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-07-04 View latest technical analysis

10 day averaged volume of Shalimar Paints is 207200

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	153.65	140.98	154.12	140.30	5.012 times
03 Wed Jul 2024	140.11	139.30	141.50	137.50	2.124 times
02 Tue Jul 2024	137.95	141.00	142.38	137.00	0.87 times
01 Mon Jul 2024	139.67	137.50	142.98	137.50	1.005 times
28 Fri Jun 2024	138.01	140.00	140.03	137.05	0.818 times
27 Thu Jun 2024	138.38	140.70	141.63	137.46	0.482 times
26 Wed Jun 2024	139.88	140.55	142.21	138.07	1.105 times
25 Tue Jun 2024	140.57	146.00	146.39	139.20	0.842 times
24 Mon Jun 2024	144.96	144.00	146.59	141.55	0.457 times
21 Fri Jun 2024	144.37	145.80	147.50	143.35	1.074 times

Stock of Shalimar Paints (SHALPAINTS) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 150.9, but if it comes below 150.9, then a intra day sell could be more profitable.
If you take a sell trade below 150.9, then use 150.9 as stoploss and 145.46 as target. However if you take a buy trade in stock , then use 150.9 as stoploss and 157.5 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	134.20
Downside Target	137.00
Downside Target	143.01
Downside Target	150.70
Upside Target	154.12
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	142.39
Downside Intraday Target	131.14
Upside Intraday Target	159.51
Upside Intraday Target	165.38
Downside Intraday Target	148.26

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	153.65	137.50	154.12	137.00	2.433 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	153.65	137.50	154.12	137.00	0.572 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 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 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 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 BUY. Signal strength is Strong 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 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 weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Shalimar Paints in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 145.18 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.