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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 2024-09-12 View latest technical analysis

10 day averaged volume of Shalimar Paints is 221851

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	144.85	139.00	147.30	138.03	3.061 times
11 Wed Sep 2024	137.40	137.11	141.00	136.74	1.613 times
10 Tue Sep 2024	136.29	137.30	137.80	134.55	0.535 times
09 Mon Sep 2024	136.53	136.99	138.30	136.10	0.412 times
06 Fri Sep 2024	136.73	140.01	141.52	136.00	1.016 times
05 Thu Sep 2024	142.23	138.45	145.50	135.00	2.358 times
04 Wed Sep 2024	138.09	133.01	139.50	133.01	1.522 times
03 Tue Sep 2024	133.63	137.40	137.40	133.20	0.773 times
02 Mon Sep 2024	135.85	137.45	138.98	134.96	0.433 times
30 Fri Aug 2024	137.09	136.89	143.00	134.81	0.711 times

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

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 143.3, for a target of 140.1 or 137.44

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Downside Target	141.80
Downside Target	144.00
Downside Target	144.20
Upside Target	145.50
Upside Target	147.30
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	137.17
Downside Intraday Target	129.48
Upside Intraday Target	149.92
Upside Intraday Target	154.98
Downside Intraday Target	142.23

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Sep 2024	144.85	136.99	147.30	134.55	0.921 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 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
12 Thu Sep 2024	144.85	137.45	147.30	133.01	0.714 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 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 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 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 neutral. A longer time frame might give a better analysis.

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

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 139.8 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.