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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 2024-11-25 View latest technical analysis

10 day averaged volume of Shalimar Paints is 111073

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	102.35	101.65	103.19	101.01	0.551 times
22 Fri Nov 2024	100.42	99.40	102.00	97.95	1.338 times
21 Thu Nov 2024	98.70	101.50	102.99	97.00	1.719 times
19 Tue Nov 2024	103.36	104.55	105.56	103.00	0.62 times
18 Mon Nov 2024	102.57	104.00	105.45	101.91	1.002 times
14 Thu Nov 2024	104.70	102.09	106.69	101.36	0.76 times
13 Wed Nov 2024	101.23	104.00	105.33	100.10	1.028 times
12 Tue Nov 2024	102.57	110.48	110.70	101.35	1.212 times
11 Mon Nov 2024	108.59	116.00	116.00	106.59	1.071 times
08 Fri Nov 2024	114.93	118.30	121.50	114.50	0.715 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 102.1 as stoploss in an intra day buy trade for a target of 108.74. However, stock will show a bearish move below 102.1.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.10
Upside Target	103.19
Upside Target	105.56
Upside Target	111.39
Upside Target	116.00
Upside Target	123.00
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	101.18
Downside Intraday Target	100
Upside Intraday Target	103.36
Upside Intraday Target	104.36
Downside Intraday Target	102.18

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	102.35	101.65	103.19	101.01	0.118 times
22 Fri Nov 2024	100.42	104.00	105.56	97.00	1.15 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

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
25 Mon Nov 2024	102.35	113.98	123.00	97.00	0.487 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 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 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 103.21 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.