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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 2024-10-07 View latest technical analysis

10 day averaged volume of Shalimar Paints is 164570

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	129.33	135.55	135.65	126.99	0.722 times
04 Fri Oct 2024	133.78	136.00	138.71	133.10	0.945 times
03 Thu Oct 2024	135.81	137.00	139.99	134.80	0.816 times
01 Tue Oct 2024	138.11	136.65	138.78	136.65	0.632 times
30 Mon Sep 2024	136.29	137.60	139.75	135.80	0.753 times
27 Fri Sep 2024	138.78	139.00	141.23	137.00	0.824 times
26 Thu Sep 2024	138.18	138.90	141.69	136.45	1.385 times
25 Wed Sep 2024	138.39	138.70	140.98	135.15	1.16 times
24 Tue Sep 2024	138.75	143.95	144.80	137.40	1.227 times
23 Mon Sep 2024	143.83	141.28	148.06	141.28	1.609 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 129.5, for a target of 135 or 139.52

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	126.99
Upside Target	132.10
Upside Target	139.99
Upside Target	148.06
Upside Target	148.65
Upside Target	152.69
Upside Target	154.00
Upside Target	159.00
Upside Target	162.80

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	125.66
Downside Intraday Target	122
Upside Intraday Target	134.32
Upside Intraday Target	139.32
Upside Intraday Target	130.66

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	129.33	135.55	135.65	126.99	0.23 times
04 Fri Oct 2024	133.78	137.60	139.99	133.10	0.507 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

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
07 Mon Oct 2024	129.33	136.65	139.99	126.99	0.094 times
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

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 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 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 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 SELL. Signal strength is Strong and stock is gaining 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 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 137.84 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.