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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 2024-11-07 View latest technical analysis

10 day averaged volume of Shalimar Paints is 191661

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	118.30	121.95	123.00	118.00	0.311 times
06 Wed Nov 2024	121.15	118.99	122.02	116.04	0.889 times
05 Tue Nov 2024	116.20	114.55	117.55	111.39	0.308 times
04 Mon Nov 2024	114.63	118.25	119.49	113.05	0.475 times
01 Fri Nov 2024	116.67	113.98	117.00	113.88	0.264 times
31 Thu Oct 2024	113.84	109.19	115.00	108.90	0.643 times
30 Wed Oct 2024	109.19	107.20	110.00	106.53	0.613 times
29 Tue Oct 2024	106.77	106.98	109.95	105.11	0.674 times
28 Mon Oct 2024	106.36	113.89	114.20	100.99	5.321 times
25 Fri Oct 2024	112.22	120.20	120.20	111.30	0.583 times

My analysis of stock is bearish for shortterm, and stock might move down till 111.7 or till 102.1. Use a stoploss of 119.62 and if the stock hits stoploss, then it can shoot up till 127.57

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	100.99
Downside Target	111.30
Downside Target	117.00
Upside Target	123.00
Upside Target	126.81
Upside Target	132.10
Upside Target	133.01
Upside Target	136.05
Upside Target	137.00
Upside Target	139.99
Upside Target	152.69
Upside Target	154.00
Upside Target	162.80

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	112.13
Downside Intraday Target	105.95
Upside Intraday Target	123.74
Upside Intraday Target	129.17
Downside Intraday Target	117.56

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	118.30	118.25	123.00	111.39	0.264 times
01 Fri Nov 2024	116.67	113.89	117.00	100.99	2.579 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

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
07 Thu Nov 2024	118.30	113.98	123.00	111.39	0.136 times
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

Scroll below to view daily charts

Price has moved up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Shalimar Paints in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Shalimar Paints in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 110.01 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 rising upwards.

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.