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 2024-08-14 View latest technical analysis

10 day averaged volume of Shalimar Paints is 166089

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	133.94	137.70	137.70	132.10	0.764 times
13 Tue Aug 2024	136.49	140.80	140.80	135.10	1.04 times
12 Mon Aug 2024	139.01	139.22	141.80	138.50	0.705 times
09 Fri Aug 2024	140.21	147.00	147.00	139.21	1.605 times
08 Thu Aug 2024	145.16	148.41	149.55	144.50	0.49 times
07 Wed Aug 2024	148.41	147.00	152.00	145.50	0.531 times
06 Tue Aug 2024	145.30	145.00	152.00	144.66	1.153 times
05 Mon Aug 2024	143.99	144.51	147.99	140.65	1.268 times
02 Fri Aug 2024	150.18	148.99	151.48	143.51	1.325 times
01 Thu Aug 2024	148.46	152.50	152.69	147.02	0.718 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 134.1, for a target of 139.6 or 144.16

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Upside Target	137.00
Upside Target	150.58
Upside Target	152.00
Upside Target	152.69
Upside Target	155.00
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	130.09
Downside Intraday Target	126.25
Upside Intraday Target	139.79
Upside Intraday Target	145.65
Upside Intraday Target	135.95

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	133.94	139.22	141.80	132.10	0.497 times
09 Fri Aug 2024	140.21	144.51	152.00	139.21	0.769 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

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
14 Wed Aug 2024	133.94	152.50	152.69	132.10	0.298 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 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 SELL. Signal strength is Strong and stock is gaining 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 SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 143.03 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.