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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 2024-08-06 View latest technical analysis

10 day averaged volume of Shalimar Paints is 167203

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	145.30	145.00	152.00	144.66	1.146 times
05 Mon Aug 2024	143.99	144.51	147.99	140.65	1.259 times
02 Fri Aug 2024	150.18	148.99	151.48	143.51	1.316 times
01 Thu Aug 2024	148.46	152.50	152.69	147.02	0.713 times
31 Wed Jul 2024	151.38	152.95	154.97	150.00	1.157 times
30 Tue Jul 2024	151.67	144.99	155.00	144.31	2.734 times
29 Mon Jul 2024	143.90	143.79	147.20	143.74	0.604 times
26 Fri Jul 2024	143.79	142.99	145.01	141.72	0.321 times
25 Thu Jul 2024	141.47	142.10	145.94	140.71	0.642 times
24 Wed Jul 2024	143.94	140.61	145.80	140.61	0.407 times

My analysis of stock is bearish for shortterm, and stock might move down till 143.3 or till 139.5. Use a stoploss of 146.56 and if the stock hits stoploss, then it can shoot up till 149.79

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	134.20
Downside Target	137.00
Downside Target	139.90
Upside Target	150.58
Upside Target	152.69
Upside Target	155.00
Upside Target	156.00
Upside Target	159.00
Upside Target	162.15
Upside Target	162.80
Upside Target	177.00
Upside Target	183.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	139.97
Downside Intraday Target	134.63
Upside Intraday Target	151.32
Upside Intraday Target	157.33
Upside Intraday Target	145.98

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Aug 2024	145.30	144.51	152.00	140.65	0.369 times
02 Fri Aug 2024	150.18	143.79	155.00	143.51	2.568 times
26 Fri Jul 2024	143.79	144.00	146.00	139.90	0.977 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

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
06 Tue Aug 2024	145.30	152.50	152.69	140.65	0.138 times
31 Wed Jul 2024	151.38	137.50	162.80	137.00	1.64 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

Scroll below to view daily charts

Price has moved down 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 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 short to mid 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 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.

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 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 and BUY signal is strong.

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

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 147.93 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.