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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 2024-12-31 View latest technical analysis

10 day averaged volume of Shalimar Paints is 255220

Date	Daily Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	125.92	125.40	126.97	122.80	0.115 times
30 Mon Dec 2024	125.43	128.45	128.99	124.00	0.186 times
27 Fri Dec 2024	128.44	129.60	129.60	128.00	0.146 times
26 Thu Dec 2024	128.08	130.20	130.20	126.00	0.252 times
24 Tue Dec 2024	130.22	128.50	137.00	126.01	1.683 times
23 Mon Dec 2024	128.28	126.70	131.63	126.49	0.709 times
20 Fri Dec 2024	124.83	130.55	131.05	122.25	0.748 times
19 Thu Dec 2024	130.24	122.91	133.78	120.55	3.508 times
18 Wed Dec 2024	124.16	118.99	124.95	118.43	1.871 times
17 Tue Dec 2024	117.84	116.75	119.48	115.21	0.664 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 127.6 as stoploss in an intra day sell trade for a target of 120.89. However, stock will show a bullish move above 127.6.

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	122.80
Upside Target	128.99
Upside Target	132.10
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	122.82
Downside Intraday Target	119.71
Upside Intraday Target	129.01
Upside Intraday Target	132.09
Downside Intraday Target	125.9

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Tue Dec 2024	125.92	128.45	128.99	122.80	0.108 times
27 Fri Dec 2024	128.44	126.70	137.00	126.00	0.397 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

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
31 Tue Dec 2024	125.92	105.00	137.00	103.00	2.459 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 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 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 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 losing momentum.

MACD generated a BUY signal for Shalimar Paints in short term and the buy signal is strong.

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 SELL signal for Shalimar Paints in short term and SELL signal is strong!

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

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 127.48 and Shalimar Paints (SHALPAINTS) stock is trading below this level. This means that stock is falling with high volumes. 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.