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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 2024-12-24 View latest technical analysis

10 day averaged volume of Shalimar Paints is 244191

Date	Daily Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	130.22	128.50	137.00	126.01	1.759 times
23 Mon Dec 2024	128.28	126.70	131.63	126.49	0.741 times
20 Fri Dec 2024	124.83	130.55	131.05	122.25	0.781 times
19 Thu Dec 2024	130.24	122.91	133.78	120.55	3.666 times
18 Wed Dec 2024	124.16	118.99	124.95	118.43	1.955 times
17 Tue Dec 2024	117.84	116.75	119.48	115.21	0.694 times
16 Mon Dec 2024	115.40	117.99	118.25	114.87	0.245 times
13 Fri Dec 2024	116.68	119.00	119.00	113.60	0.243 times
12 Thu Dec 2024	118.11	119.01	120.94	117.10	0.163 times
11 Wed Dec 2024	119.76	119.50	121.46	118.01	0.261 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 133.1, for a target of 124.6 or 117.41

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.99
Downside Target	113.26
Downside Target	119.70
Downside Target	123.00
Upside Target	132.10
Upside Target	133.01
Upside Target	133.78
Upside Target	137.00
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	125.15
Downside Intraday Target	120.09
Upside Intraday Target	136.14
Upside Intraday Target	142.07
Upside Intraday Target	131.08

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Tue Dec 2024	130.22	126.70	137.00	126.01	0.341 times
20 Fri Dec 2024	124.83	117.99	133.78	114.87	2.915 times
13 Fri Dec 2024	116.68	113.26	124.01	113.26	0.398 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

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
24 Tue Dec 2024	130.22	105.00	137.00	103.00	2.367 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, and volume has increased substantially. This means that the move can 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 neutral. A longer time frame might give a better analysis.

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 and the buy signal is strong.

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 green color and prices are above the green 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 126.64 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.