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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 2024-09-17 View latest technical analysis

10 day averaged volume of Shalimar Paints is 349507

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	144.97	151.00	151.00	142.00	0.889 times
16 Mon Sep 2024	149.74	145.00	154.00	143.58	1.802 times
13 Fri Sep 2024	144.85	145.00	148.65	144.10	1.032 times
12 Thu Sep 2024	144.85	139.00	147.30	138.03	1.943 times
11 Wed Sep 2024	137.40	137.11	141.00	136.74	1.024 times
10 Tue Sep 2024	136.29	137.30	137.80	134.55	0.34 times
09 Mon Sep 2024	136.53	136.99	138.30	136.10	0.261 times
06 Fri Sep 2024	136.73	140.01	141.52	136.00	0.645 times
05 Thu Sep 2024	142.23	138.45	145.50	135.00	1.497 times
04 Wed Sep 2024	138.09	133.01	139.50	133.01	0.966 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 143.2, but if it comes below 143.2, then a intra day sell could be more profitable.
If you take a sell trade below 143.2, then use 143.2 as stoploss and 139.25 as target. However if you take a buy trade in stock , then use 143.2 as stoploss and 148 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Downside Target	142.00
Downside Target	144.20
Upside Target	145.50
Upside Target	148.65
Upside Target	152.69
Upside Target	154.00
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	139.98
Downside Intraday Target	134.99
Upside Intraday Target	151.98
Upside Intraday Target	158.99
Upside Intraday Target	146.99

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Sep 2024	144.97	145.00	154.00	142.00	0.585 times
13 Fri Sep 2024	144.85	136.99	148.65	134.55	1.188 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

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
17 Tue Sep 2024	144.97	137.45	154.00	133.01	1.072 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 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 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 mid to longer 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.

ADX buy sell signal for Shalimar Paints stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 but buying is losing 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 142.98 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.