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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 2024-08-20 View latest technical analysis

10 day averaged volume of Shalimar Paints is 163589

Date	Daily Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	134.36	136.25	138.98	134.00	1.017 times
19 Mon Aug 2024	135.14	135.40	137.00	134.00	1.099 times
16 Fri Aug 2024	134.01	134.50	139.52	133.20	1.23 times
14 Wed Aug 2024	133.94	137.70	137.70	132.10	0.775 times
13 Tue Aug 2024	136.49	140.80	140.80	135.10	1.056 times
12 Mon Aug 2024	139.01	139.22	141.80	138.50	0.716 times
09 Fri Aug 2024	140.21	147.00	147.00	139.21	1.63 times
08 Thu Aug 2024	145.16	148.41	149.55	144.50	0.498 times
07 Wed Aug 2024	148.41	147.00	152.00	145.50	0.539 times
06 Tue Aug 2024	145.30	145.00	152.00	144.66	1.171 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 136.9, but if it comes above 136.9, then a intra day buy could be more profitable.
If you take a sell trade below 136.9, then use 136.9 as stoploss and 130.1 as target. However if you take a buy trade in stock , then use 136.9 as stoploss and 142.57 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Upside Target	137.00
Upside Target	146.00
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	132.58
Downside Intraday Target	130.8
Upside Intraday Target	137.56
Upside Intraday Target	140.76
Upside Intraday Target	135.78

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Tue Aug 2024	134.36	135.40	138.98	134.00	0.56 times
16 Fri Aug 2024	134.01	139.22	141.80	132.10	0.737 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

Price has moved up 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
20 Tue Aug 2024	134.36	152.50	152.69	132.10	0.4 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 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 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 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 buy signal for Shalimar Paints in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 138.57 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.