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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 2024-09-27 View latest technical analysis

10 day averaged volume of Shalimar Paints is 260789

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	138.78	139.00	141.23	137.00	0.52 times
26 Thu Sep 2024	138.18	138.90	141.69	136.45	0.874 times
25 Wed Sep 2024	138.39	138.70	140.98	135.15	0.732 times
24 Tue Sep 2024	138.75	143.95	144.80	137.40	0.774 times
23 Mon Sep 2024	143.83	141.28	148.06	141.28	1.016 times
20 Fri Sep 2024	141.28	140.95	144.00	140.10	0.41 times
19 Thu Sep 2024	140.06	143.20	144.73	138.70	0.488 times
18 Wed Sep 2024	143.09	145.35	149.05	142.20	0.718 times
17 Tue Sep 2024	144.97	151.00	151.00	142.00	1.191 times
16 Mon Sep 2024	149.74	145.00	154.00	143.58	2.415 times

My analysis of stock is bearish for shortterm, and stock might move down till 136.2 or till 131.5. Use a stoploss of 140.18 and if the stock hits stoploss, then it can shoot up till 144.12

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Upside Target	143.00
Upside Target	145.50
Upside Target	148.06
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	133.27
Downside Intraday Target	127.75
Upside Intraday Target	146.18
Upside Intraday Target	153.57
Upside Intraday Target	140.66

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Sep 2024	138.78	141.28	148.06	135.15	0.75 times
20 Fri Sep 2024	141.28	145.00	154.00	138.70	0.847 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

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
27 Fri Sep 2024	138.78	137.45	154.00	133.01	1.468 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 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 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 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 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shalimar Paints in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 143.47 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 positive

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