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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 2024-09-30 View latest technical analysis

10 day averaged volume of Shalimar Paints is 238292

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	136.29	137.60	139.75	135.80	0.52 times
27 Fri Sep 2024	138.78	139.00	141.23	137.00	0.569 times
26 Thu Sep 2024	138.18	138.90	141.69	136.45	0.956 times
25 Wed Sep 2024	138.39	138.70	140.98	135.15	0.801 times
24 Tue Sep 2024	138.75	143.95	144.80	137.40	0.847 times
23 Mon Sep 2024	143.83	141.28	148.06	141.28	1.112 times
20 Fri Sep 2024	141.28	140.95	144.00	140.10	0.449 times
19 Thu Sep 2024	140.06	143.20	144.73	138.70	0.534 times
18 Wed Sep 2024	143.09	145.35	149.05	142.20	0.786 times
17 Tue Sep 2024	144.97	151.00	151.00	142.00	1.303 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 136.3, but if it comes above 136.3, then a intra day buy could be more profitable.
If you take a sell trade below 136.3, then use 136.3 as stoploss and 131.6 as target. However if you take a buy trade in stock , then use 136.3 as stoploss and 140.2 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Upside Target	144.20
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	134.81
Downside Intraday Target	133.33
Upside Intraday Target	138.76
Upside Intraday Target	141.23
Upside Intraday Target	137.28

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Sep 2024	136.29	137.60	139.75	135.80	0.121 times
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

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
30 Mon Sep 2024	136.29	137.45	154.00	133.01	1.502 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, and volume has increased substantially. This means that the move can 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 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 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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 140.9 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.