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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 2025-01-07 View latest technical analysis

10 day averaged volume of Shalimar Paints is 110783

Date	Daily Closing Price	Open	High	Low	Volume
07 Tue Jan 2025	129.94	126.48	130.50	124.00	0.999 times
06 Mon Jan 2025	124.69	130.40	130.60	123.01	1.178 times
03 Fri Jan 2025	128.89	124.05	132.73	124.05	0.744 times
02 Thu Jan 2025	124.69	124.58	126.73	122.43	0.53 times
01 Wed Jan 2025	124.58	126.00	129.24	124.00	0.427 times
31 Tue Dec 2024	125.92	125.40	126.97	122.80	0.266 times
30 Mon Dec 2024	125.43	128.45	128.99	124.00	0.428 times
27 Fri Dec 2024	128.44	129.60	129.60	128.00	0.335 times
26 Thu Dec 2024	128.08	130.20	130.20	126.00	0.581 times
24 Tue Dec 2024	130.22	128.50	137.00	126.01	3.878 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 128.9, but if it comes below 128.9, then a intra day sell could be more profitable.
If you take a sell trade below 128.9, then use 128.9 as stoploss and 124.28 as target. However if you take a buy trade in stock , then use 128.9 as stoploss and 134.6 as target.

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	125.1
Downside Intraday Target	120.26
Upside Intraday Target	132.69
Upside Intraday Target	135.44
Downside Intraday Target	127.85

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Tue Jan 2025	129.94	130.40	130.60	123.01	0.909 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 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
07 Tue Jan 2025	129.94	126.00	132.73	122.43	0.091 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 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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.

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. Bears are weakening, and bulls 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 SELL signal in short term

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 128.28 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.