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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 2024-12-03 View latest technical analysis

10 day averaged volume of Shalimar Paints is 106315

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	106.58	111.30	111.30	104.70	3.615 times
02 Mon Dec 2024	111.49	105.00	113.88	103.00	0.909 times
29 Fri Nov 2024	107.16	109.35	109.35	105.56	0.478 times
28 Thu Nov 2024	108.82	110.87	113.50	107.22	0.972 times
27 Wed Nov 2024	110.87	109.21	112.89	108.10	0.951 times
26 Tue Nov 2024	109.21	102.75	111.48	101.31	1.227 times
25 Mon Nov 2024	102.35	101.65	103.19	101.01	0.575 times
22 Fri Nov 2024	100.42	99.40	102.00	97.95	1.398 times
21 Thu Nov 2024	98.70	101.50	102.99	97.00	1.796 times
19 Tue Nov 2024	103.36	104.55	105.56	103.00	0.648 times

Stock of Shalimar Paints (SHALPAINTS) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, and stock might move down till 102 or till 94.5. Use a stoploss of 108.19 and if the stock hits stoploss, then it can shoot up till 114.42

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	139.99
Upside Target	152.69
Upside Target	154.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	101.76
Downside Intraday Target	96.94
Upside Intraday Target	112.64
Upside Intraday Target	118.7
Upside Intraday Target	107.82

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Dec 2024	106.58	105.00	113.88	103.00	1.076 times
29 Fri Nov 2024	107.16	101.65	113.50	101.01	0.86 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

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
03 Tue Dec 2024	106.58	105.00	113.88	103.00	0.249 times
29 Fri Nov 2024	107.16	113.98	123.00	97.00	0.609 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 BUY. Signal strength is Weak and stock is gaining 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. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Shalimar Paints in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 105.54 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 is giving positive 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.