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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 2024-09-05 View latest technical analysis

10 day averaged volume of Shalimar Paints is 154622

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	142.23	138.45	145.50	135.00	3.383 times
04 Wed Sep 2024	138.09	133.01	139.50	133.01	2.184 times
03 Tue Sep 2024	133.63	137.40	137.40	133.20	1.109 times
02 Mon Sep 2024	135.85	137.45	138.98	134.96	0.621 times
30 Fri Aug 2024	137.09	136.89	143.00	134.81	1.02 times
29 Thu Aug 2024	135.24	137.40	138.44	133.24	0.9 times
28 Wed Aug 2024	137.39	138.90	140.01	136.50	1.184 times
27 Tue Aug 2024	137.96	139.32	139.50	136.36	0.933 times
26 Mon Aug 2024	138.50	139.00	140.50	138.00	0.491 times
23 Fri Aug 2024	137.95	139.59	141.00	137.15	0.688 times

Stock of Shalimar Paints (SHALPAINTS) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 140.5, but if it comes below 140.5, then a intra day sell could be more profitable.
If you take a sell trade below 140.5, then use 140.5 as stoploss and 137.59 as target. However if you take a buy trade in stock , then use 140.5 as stoploss and 144 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Downside Target	137.00
Upside Target	144.00
Upside Target	144.20
Upside Target	145.50
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	134.99
Downside Intraday Target	127.76
Upside Intraday Target	147.48
Upside Intraday Target	152.74
Downside Intraday Target	140.25

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	142.23	137.45	145.50	133.01	1.611 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 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
05 Thu Sep 2024	142.23	137.45	145.50	133.01	0.31 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 up 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 Strong 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 in or above the red cloud Prices appear to be moving up

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 138.35 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 rising upwards.

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 is giving positive 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.