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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 2024-10-16 View latest technical analysis

10 day averaged volume of Shalimar Paints is 101531

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	130.92	131.12	133.00	130.40	0.755 times
15 Tue Oct 2024	130.85	130.18	132.09	130.18	0.592 times
14 Mon Oct 2024	129.93	131.00	131.40	129.02	0.589 times
11 Fri Oct 2024	130.32	130.90	131.28	129.62	0.504 times
10 Thu Oct 2024	130.58	131.01	132.59	130.00	0.75 times
09 Wed Oct 2024	130.18	134.78	136.05	128.95	1.444 times
08 Tue Oct 2024	134.13	129.35	135.00	127.01	1.072 times
07 Mon Oct 2024	129.33	135.55	135.65	126.99	1.171 times
04 Fri Oct 2024	133.78	136.00	138.71	133.10	1.531 times
03 Thu Oct 2024	135.81	137.00	139.99	134.80	1.322 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 131, but if it comes above 131, then a intra day buy could be more profitable.
If you take a sell trade below 131, then use 131 as stoploss and 125.5 as target. However if you take a buy trade in stock , then use 131 as stoploss and 135.63 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	126.99
Upside Target	132.10
Upside Target	138.70
Upside Target	139.99
Upside Target	148.06
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	128.96
Downside Intraday Target	127
Upside Intraday Target	132.94
Upside Intraday Target	134.96
Upside Intraday Target	130.98

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	130.92	131.00	133.00	129.02	0.392 times
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

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
16 Wed Oct 2024	130.92	136.65	139.99	126.99	0.2 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short 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 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 losing momentum.

MACD generated a SELL signal for Shalimar Paints in short term and the sell 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 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 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 131.97 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.