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 2024-08-27 View latest technical analysis

10 day averaged volume of Shalimar Paints is 183889

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	137.96	139.32	139.50	136.36	0.785 times
26 Mon Aug 2024	138.50	139.00	140.50	138.00	0.413 times
23 Fri Aug 2024	137.95	139.59	141.00	137.15	0.578 times
22 Thu Aug 2024	139.59	141.00	142.75	138.67	0.732 times
21 Wed Aug 2024	140.03	135.50	144.00	134.94	3.035 times
20 Tue Aug 2024	134.36	136.25	138.98	134.00	0.904 times
19 Mon Aug 2024	135.14	135.40	137.00	134.00	0.977 times
16 Fri Aug 2024	134.01	134.50	139.52	133.20	1.094 times
14 Wed Aug 2024	133.94	137.70	137.70	132.10	0.69 times
13 Tue Aug 2024	136.49	140.80	140.80	135.10	0.939 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 135.7 as stoploss in an intra day buy trade for a target of 141.59. However, stock will show a bearish move below 135.7.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Upside Target	144.20
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	136.05
Downside Intraday Target	134.13
Upside Intraday Target	140.19
Upside Intraday Target	142.41
Upside Intraday Target	138.27

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	137.96	139.00	140.50	136.36	0.192 times
23 Fri Aug 2024	137.95	135.40	144.00	134.00	1.854 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

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
27 Tue Aug 2024	137.96	152.50	152.69	132.10	0.59 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 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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Shalimar Paints in short term but the buy signal is initial and weak.

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 SELL signal for Shalimar Paints in short term but SELL signal is weak.

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

Stock of Shalimar Paints is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 137.29 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.