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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 2024-07-12 View latest technical analysis

10 day averaged volume of Shalimar Paints is 370398

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	147.30	148.90	151.99	146.10	0.561 times
11 Thu Jul 2024	148.25	151.90	152.67	147.70	0.459 times
10 Wed Jul 2024	151.38	150.77	156.00	143.42	1.509 times
09 Tue Jul 2024	148.93	151.00	152.00	148.00	0.324 times
08 Mon Jul 2024	149.93	154.40	154.98	149.10	0.405 times
05 Fri Jul 2024	152.98	155.70	162.80	150.29	1.806 times
04 Thu Jul 2024	153.65	140.98	154.12	140.30	2.804 times
03 Wed Jul 2024	140.11	139.30	141.50	137.50	1.188 times
02 Tue Jul 2024	137.95	141.00	142.38	137.00	0.486 times
01 Mon Jul 2024	139.67	137.50	142.98	137.50	0.562 times

My analysis of stock is bullish for shortterm, and stock might move up till 150 or till 156. Use a stoploss of 145.01 and if this stock hits its stoploss, then it can fall down till 140.02

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	134.20
Downside Target	137.00
Downside Target	143.01
Upside 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	141.81
Downside Intraday Target	136.33
Upside Intraday Target	154.39
Upside Intraday Target	161.49
Upside Intraday Target	148.91

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jul 2024	147.30	154.40	156.00	143.42	0.476 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
12 Fri Jul 2024	147.30	137.50	162.80	137.00	1.146 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 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 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 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shalimar Paints in short term but SELL signal is weak.

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

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 149.17 and Shalimar Paints (SHALPAINTS) stock is trading below this level. This means that stock is falling with high volumes. 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.