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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 2024-11-19 View latest technical analysis

10 day averaged volume of Shalimar Paints is 102305

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	103.36	104.55	105.56	103.00	0.673 times
18 Mon Nov 2024	102.57	104.00	105.45	101.91	1.088 times
14 Thu Nov 2024	104.70	102.09	106.69	101.36	0.826 times
13 Wed Nov 2024	101.23	104.00	105.33	100.10	1.116 times
12 Tue Nov 2024	102.57	110.48	110.70	101.35	1.315 times
11 Mon Nov 2024	108.59	116.00	116.00	106.59	1.162 times
08 Fri Nov 2024	114.93	118.30	121.50	114.50	0.777 times
07 Thu Nov 2024	118.30	121.95	123.00	118.00	0.582 times
06 Wed Nov 2024	121.15	118.99	122.02	116.04	1.666 times
05 Tue Nov 2024	116.20	114.55	117.55	111.39	0.578 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 105, but if it comes above 105, then a intra day buy could be more profitable.
If you take a sell trade below 105, then use 105 as stoploss and 97.5 as target. However if you take a buy trade in stock , then use 105 as stoploss and 111.35 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	100.10
Upside Target	105.56
Upside Target	111.30
Upside Target	116.00
Upside Target	123.00
Upside Target	129.00
Upside Target	132.10
Upside Target	133.01
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	101.66
Downside Intraday Target	99.96
Upside Intraday Target	105.31
Upside Intraday Target	107.26
Upside Intraday Target	103.61

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	103.36	104.00	105.56	101.91	0.399 times
14 Thu Nov 2024	104.70	116.00	116.00	100.10	0.984 times
08 Fri Nov 2024	114.93	118.25	123.00	111.39	0.319 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

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
19 Tue Nov 2024	103.36	113.98	123.00	100.10	0.361 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 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.

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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 109.25 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.