Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-12-09 View latest technical analysis

10 day averaged volume of Shalimar Paints is 199338

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	118.64	113.26	120.76	113.26	0.736 times
06 Fri Dec 2024	114.15	116.00	118.41	113.01	0.948 times
05 Thu Dec 2024	116.65	108.82	119.70	108.01	3.795 times
04 Wed Dec 2024	108.82	107.00	110.00	106.78	0.602 times
03 Tue Dec 2024	106.58	111.30	111.30	104.70	1.928 times
02 Mon Dec 2024	111.49	105.00	113.88	103.00	0.485 times
29 Fri Nov 2024	107.16	109.35	109.35	105.56	0.255 times
28 Thu Nov 2024	108.82	110.87	113.50	107.22	0.518 times
27 Wed Nov 2024	110.87	109.21	112.89	108.10	0.507 times
26 Tue Nov 2024	109.21	102.75	111.48	101.31	0.654 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 119.7, for a target of 113.1 or 107.59

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.10
Downside Target	105.56
Downside Target	113.26
Downside Target	116.00
Upside Target	119.70
Upside Target	120.76
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	114.35
Downside Intraday Target	110.05
Upside Intraday Target	121.85
Upside Intraday Target	125.05
Downside Intraday Target	117.55

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	118.64	113.26	120.76	113.26	0.095 times
06 Fri Dec 2024	114.15	105.00	119.70	103.00	3.461 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

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
09 Mon Dec 2024	118.64	105.00	120.76	103.00	0.878 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 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 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 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 Strong 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 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 moving up

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

RSI is generating a BUY signal in short term and the buying is gaining 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 112.64 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.