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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 2024-07-10 View latest technical analysis

10 day averaged volume of Shalimar Paints is 330381

Date Daily Closing Price Open High Low Volume
10 Wed Jul 2024 151.38 150.77 156.00 143.42 1.692 times
09 Tue Jul 2024 148.93 151.00 152.00 148.00 0.363 times
08 Mon Jul 2024 149.93 154.40 154.98 149.10 0.454 times
05 Fri Jul 2024 152.98 155.70 162.80 150.29 2.025 times
04 Thu Jul 2024 153.65 140.98 154.12 140.30 3.143 times
03 Wed Jul 2024 140.11 139.30 141.50 137.50 1.332 times
02 Tue Jul 2024 137.95 141.00 142.38 137.00 0.545 times
01 Mon Jul 2024 139.67 137.50 142.98 137.50 0.63 times
28 Fri Jun 2024 138.01 140.00 140.03 137.05 0.513 times
27 Thu Jun 2024 138.38 140.70 141.63 137.46 0.302 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 150.7, but if it comes below 150.7, then a intra day sell could be more profitable.
If you take a sell trade below 150.7, then use 150.7 as stoploss and 145.36 as target. However if you take a buy trade in stock , then use 150.7 as stoploss and 157.1 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 156.00
Upside Target 159.00
Upside Target 162.15
Upside Target 162.80
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 144.53
Downside Intraday Target 137.69
Upside Intraday Target 157.11
Upside Intraday Target 162.85
Downside Intraday Target 150.27

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date Weekly Closing Price Open High Low Volume
10 Wed Jul 2024 151.38 154.40 156.00 143.42 0.327 times
05 Fri Jul 2024 152.98 137.50 162.80 137.00 3.304 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

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
10 Wed Jul 2024 151.38 137.50 162.80 137.00 1.031 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 to mid 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 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 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.

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. Bulls are getting tired and bears 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 but buying is losing 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 148.5 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 to mid 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 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 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.

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. Bulls are getting tired and bears 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 but buying is losing 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 148.5 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

Click here for Shalimar Paints charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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