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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 2024-09-10 View latest technical analysis

10 day averaged volume of Shalimar Paints is 206917

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	136.29	137.30	137.80	134.55	0.574 times
09 Mon Sep 2024	136.53	136.99	138.30	136.10	0.441 times
06 Fri Sep 2024	136.73	140.01	141.52	136.00	1.089 times
05 Thu Sep 2024	142.23	138.45	145.50	135.00	2.528 times
04 Wed Sep 2024	138.09	133.01	139.50	133.01	1.632 times
03 Tue Sep 2024	133.63	137.40	137.40	133.20	0.829 times
02 Mon Sep 2024	135.85	137.45	138.98	134.96	0.464 times
30 Fri Aug 2024	137.09	136.89	143.00	134.81	0.762 times
29 Thu Aug 2024	135.24	137.40	138.44	133.24	0.672 times
28 Wed Aug 2024	137.39	138.90	140.01	136.50	0.885 times

My analysis of stock is bearish for shortterm, and stock might move down till 134.7 or till 132.1. Use a stoploss of 136.85 and if the stock hits stoploss, then it can shoot up till 139.02

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Upside Target	141.80
Upside Target	143.00
Upside Target	144.00
Upside Target	144.20
Upside Target	145.50
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	134.46
Downside Intraday Target	132.63
Upside Intraday Target	138.21
Upside Intraday Target	140.13
Upside Intraday Target	136.38

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	136.29	136.99	138.30	134.55	0.155 times
06 Fri Sep 2024	136.73	137.45	145.50	133.01	1.933 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

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
10 Tue Sep 2024	136.29	137.45	145.50	133.01	0.429 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short to mid 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 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 losing 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 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 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 138.01 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.