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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 2024-10-31 View latest technical analysis

10 day averaged volume of Shalimar Paints is 195049

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	113.84	109.19	115.00	108.90	0.631 times
30 Wed Oct 2024	109.19	107.20	110.00	106.53	0.603 times
29 Tue Oct 2024	106.77	106.98	109.95	105.11	0.662 times
28 Mon Oct 2024	106.36	113.89	114.20	100.99	5.229 times
25 Fri Oct 2024	112.22	120.20	120.20	111.30	0.573 times
24 Thu Oct 2024	119.26	119.00	121.00	117.43	0.226 times
23 Wed Oct 2024	119.76	116.45	121.72	114.79	0.467 times
22 Tue Oct 2024	114.73	122.80	123.90	113.10	1.186 times
21 Mon Oct 2024	124.36	128.88	129.00	122.77	0.411 times
18 Fri Oct 2024	128.08	128.98	128.98	126.81	0.332 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 113.9, but if it comes above 113.9, then a intra day buy could be more profitable.
If you take a sell trade below 113.9, then use 113.9 as stoploss and 102.9 as target. However if you take a buy trade in stock , then use 113.9 as stoploss and 123.17 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	100.99
Downside Target	111.30
Upside Target	115.00
Upside Target	126.81
Upside Target	132.10
Upside Target	137.00
Upside Target	139.99
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	104.89
Downside Intraday Target	95.93
Upside Intraday Target	118.9
Upside Intraday Target	123.95
Downside Intraday Target	109.94

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	113.84	113.89	115.00	100.99	2.489 times
25 Fri Oct 2024	112.22	128.88	129.00	111.30	1.733 times
18 Fri Oct 2024	128.08	131.00	133.00	126.81	0.642 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	113.84	136.65	139.99	100.99	0.579 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 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal in short term but selling 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 110.6 and Shalimar Paints (SHALPAINTS) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.