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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 2024-10-11 View latest technical analysis

10 day averaged volume of Shalimar Paints is 133172

Date	Daily Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	130.32	130.90	131.28	129.62	0.384 times
10 Thu Oct 2024	130.58	131.01	132.59	130.00	0.572 times
09 Wed Oct 2024	130.18	134.78	136.05	128.95	1.101 times
08 Tue Oct 2024	134.13	129.35	135.00	127.01	0.817 times
07 Mon Oct 2024	129.33	135.55	135.65	126.99	0.893 times
04 Fri Oct 2024	133.78	136.00	138.71	133.10	1.167 times
03 Thu Oct 2024	135.81	137.00	139.99	134.80	1.008 times
01 Tue Oct 2024	138.11	136.65	138.78	136.65	0.781 times
30 Mon Sep 2024	136.29	137.60	139.75	135.80	0.931 times
27 Fri Sep 2024	138.78	139.00	141.23	137.00	1.019 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 132.5, but if it comes above 132.5, then a intra day buy could be more profitable.
If you take a sell trade below 132.5, then use 132.5 as stoploss and 126 as target. However if you take a buy trade in stock , then use 132.5 as stoploss and 138.02 as target.

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	126.19
Downside Intraday Target	122.06
Upside Intraday Target	135.25
Upside Intraday Target	140.18
Upside Intraday Target	131.12

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	130.32	135.55	136.05	126.99	0.969 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
11 Fri Oct 2024	130.32	136.65	139.99	126.99	0.164 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 neutral. A longer time frame might give a better analysis.

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 and the buying is gaining 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 134.02 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.