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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 2025-01-06 View latest technical analysis

10 day averaged volume of Shalimar Paints is 116818

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	124.69	130.40	130.60	123.01	1.117 times
03 Fri Jan 2025	128.89	124.05	132.73	124.05	0.705 times
02 Thu Jan 2025	124.69	124.58	126.73	122.43	0.503 times
01 Wed Jan 2025	124.58	126.00	129.24	124.00	0.405 times
31 Tue Dec 2024	125.92	125.40	126.97	122.80	0.252 times
30 Mon Dec 2024	125.43	128.45	128.99	124.00	0.406 times
27 Fri Dec 2024	128.44	129.60	129.60	128.00	0.318 times
26 Thu Dec 2024	128.08	130.20	130.20	126.00	0.551 times
24 Tue Dec 2024	130.22	128.50	137.00	126.01	3.677 times
23 Mon Dec 2024	128.28	126.70	131.63	126.49	1.55 times

My analysis of stock is bullish for shortterm, and stock might move up till 128.4 or till 133.9. Use a stoploss of 123.72 and if this stock hits its stoploss, then it can fall down till 119.09

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.99
Downside Target	113.26
Downside Target	122.43
Upside Target	130.60
Upside Target	132.73
Upside Target	133.01
Upside Target	133.78
Upside Target	137.00
Upside Target	139.99
Upside Target	154.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	121.6
Downside Intraday Target	118.51
Upside Intraday Target	129.19
Upside Intraday Target	133.69
Upside Intraday Target	126.1

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon Jan 2025	124.69	130.40	130.60	123.01	0.492 times
03 Fri Jan 2025	128.89	128.45	132.73	122.43	0.373 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

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
06 Mon Jan 2025	124.69	126.00	132.73	122.43	0.067 times
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

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 SELL signal for Shalimar Paints in short term but the sell signal is initial and weak.

Shalimar Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

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 positive zone. This is a BUY 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 128.12 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 has given negative 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.