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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 2024-07-25 View latest technical analysis

10 day averaged volume of Shalimar Paints is 163529

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	141.47	142.10	145.94	140.71	0.657 times
24 Wed Jul 2024	143.94	140.61	145.80	140.61	0.416 times
23 Tue Jul 2024	140.59	144.00	144.75	139.90	0.865 times
22 Mon Jul 2024	143.97	144.00	146.00	143.00	0.331 times
19 Fri Jul 2024	143.71	147.63	147.63	143.05	0.863 times
18 Thu Jul 2024	147.58	146.17	148.23	144.15	0.72 times
16 Tue Jul 2024	148.02	148.00	150.58	147.61	0.56 times
15 Mon Jul 2024	147.37	148.00	149.97	146.50	0.518 times
12 Fri Jul 2024	147.30	148.90	151.99	146.10	1.27 times
11 Thu Jul 2024	148.25	151.90	152.67	147.70	1.04 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 140.2 as stoploss in an intra day buy trade for a target of 145.16. However, stock will show a bearish move below 140.2.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	134.20
Downside Target	137.00
Downside Target	139.90
Upside Target	143.05
Upside Target	150.58
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	138.91
Downside Intraday Target	136.36
Upside Intraday Target	145.01
Upside Intraday Target	148.56
Upside Intraday Target	142.46

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Jul 2024	141.47	144.00	146.00	139.90	0.853 times
19 Fri Jul 2024	143.71	148.00	150.58	143.05	0.361 times
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

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
25 Thu Jul 2024	141.47	137.50	162.80	137.00	1.393 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 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 Weak and stock is losing 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 weakening, and bulls are picking up momentum!

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 BUY signal in short term but buying 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 145.42 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.