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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 2024-11-26 View latest technical analysis

10 day averaged volume of Shalimar Paints is 111236

Date	Daily Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	109.21	102.75	111.48	101.31	1.173 times
25 Mon Nov 2024	102.35	101.65	103.19	101.01	0.55 times
22 Fri Nov 2024	100.42	99.40	102.00	97.95	1.336 times
21 Thu Nov 2024	98.70	101.50	102.99	97.00	1.716 times
19 Tue Nov 2024	103.36	104.55	105.56	103.00	0.619 times
18 Mon Nov 2024	102.57	104.00	105.45	101.91	1.001 times
14 Thu Nov 2024	104.70	102.09	106.69	101.36	0.759 times
13 Wed Nov 2024	101.23	104.00	105.33	100.10	1.026 times
12 Tue Nov 2024	102.57	110.48	110.70	101.35	1.21 times
11 Mon Nov 2024	108.59	116.00	116.00	106.59	1.069 times

My analysis of stock is bullish for shortterm, and stock might move up till 115.2 or till 123. Use a stoploss of 108.59 and if this stock hits its stoploss, then it can fall down till 102.03

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.10
Downside 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	102.99
Downside Intraday Target	96.76
Upside Intraday Target	113.46
Upside Intraday Target	117.7
Downside Intraday Target	107.23

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Tue Nov 2024	109.21	101.65	111.48	101.01	0.369 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
26 Tue Nov 2024	109.21	113.98	123.00	97.00	0.529 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 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 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 in or above the red cloud Prices appear to be moving up

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

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 103.08 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.