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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 2024-08-22 View latest technical analysis

10 day averaged volume of Shalimar Paints is 195830

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	139.59	141.00	142.75	138.67	0.687 times
21 Wed Aug 2024	140.03	135.50	144.00	134.94	2.85 times
20 Tue Aug 2024	134.36	136.25	138.98	134.00	0.849 times
19 Mon Aug 2024	135.14	135.40	137.00	134.00	0.918 times
16 Fri Aug 2024	134.01	134.50	139.52	133.20	1.028 times
14 Wed Aug 2024	133.94	137.70	137.70	132.10	0.648 times
13 Tue Aug 2024	136.49	140.80	140.80	135.10	0.882 times
12 Mon Aug 2024	139.01	139.22	141.80	138.50	0.598 times
09 Fri Aug 2024	140.21	147.00	147.00	139.21	1.361 times
08 Thu Aug 2024	145.16	148.41	149.55	144.50	0.416 times

My analysis of stock is bearish for shortterm, and stock might move down till 136.6 or till 129.8. Use a stoploss of 142.32 and if the stock hits stoploss, then it can shoot up till 148.01

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Downside 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	134.39
Downside Intraday Target	129.2
Upside Intraday Target	144.39
Upside Intraday Target	149.2
Downside Intraday Target	139.2

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	139.59	135.40	144.00	134.00	1.682 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Aug 2024	139.59	152.50	152.69	132.10	0.529 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 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 short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Shalimar Paints in short term and the sell signal is strong.

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 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 and BUY signal is strong.

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

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 137.97 and Shalimar Paints (SHALPAINTS) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.