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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 2024-09-03 View latest technical analysis

10 day averaged volume of Shalimar Paints is 176161

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	133.63	137.40	137.40	133.20	0.973 times
02 Mon Sep 2024	135.85	137.45	138.98	134.96	0.545 times
30 Fri Aug 2024	137.09	136.89	143.00	134.81	0.895 times
29 Thu Aug 2024	135.24	137.40	138.44	133.24	0.79 times
28 Wed Aug 2024	137.39	138.90	140.01	136.50	1.039 times
27 Tue Aug 2024	137.96	139.32	139.50	136.36	0.819 times
26 Mon Aug 2024	138.50	139.00	140.50	138.00	0.431 times
23 Fri Aug 2024	137.95	139.59	141.00	137.15	0.604 times
22 Thu Aug 2024	139.59	141.00	142.75	138.67	0.764 times
21 Wed Aug 2024	140.03	135.50	144.00	134.94	3.169 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 134.3, but if it comes above 134.3, then a intra day buy could be more profitable.
If you take a sell trade below 134.3, then use 134.3 as stoploss and 129.6 as target. However if you take a buy trade in stock , then use 134.3 as stoploss and 138.26 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Upside Target	137.00
Upside Target	141.80
Upside Target	143.00
Upside Target	144.00
Upside Target	144.20
Upside Target	152.00
Upside Target	152.69
Upside Target	159.00
Upside Target	162.80
Upside Target	177.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	131.56
Downside Intraday Target	129.49
Upside Intraday Target	137.34
Upside Intraday Target	141.05
Upside Intraday Target	135.27

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	133.63	137.45	138.98	133.20	0.382 times
30 Fri Aug 2024	137.09	139.00	143.00	133.24	0.611 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

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
03 Tue Sep 2024	133.63	137.45	138.98	133.20	0.073 times
30 Fri Aug 2024	137.09	152.50	152.69	132.10	0.68 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

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 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 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 SELL. 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.

Shalimar Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 BUY signal in short term but buying 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 137.87 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.