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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 2025-01-08 View latest technical analysis

10 day averaged volume of Shalimar Paints is 103751

Date	Daily Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	127.10	131.00	132.00	126.10	0.838 times
07 Tue Jan 2025	129.94	126.48	130.50	124.00	1.067 times
06 Mon Jan 2025	124.69	130.40	130.60	123.01	1.257 times
03 Fri Jan 2025	128.89	124.05	132.73	124.05	0.794 times
02 Thu Jan 2025	124.69	124.58	126.73	122.43	0.566 times
01 Wed Jan 2025	124.58	126.00	129.24	124.00	0.456 times
31 Tue Dec 2024	125.92	125.40	126.97	122.80	0.284 times
30 Mon Dec 2024	125.43	128.45	128.99	124.00	0.457 times
27 Fri Dec 2024	128.44	129.60	129.60	128.00	0.358 times
26 Thu Dec 2024	128.08	130.20	130.20	126.00	0.62 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 129.2 as stoploss in an intra day sell trade for a target of 124.66. However, stock will show a bullish move above 129.2.

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	132.00
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	122.74
Downside Intraday Target	118.38
Upside Intraday Target	131.73
Upside Intraday Target	136.36
Upside Intraday Target	127.37

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Wed Jan 2025	127.10	130.40	132.00	123.01	1.237 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
08 Wed Jan 2025	127.10	126.00	132.73	122.43	0.109 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 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 gaining 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. 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 coming down

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 126.94 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 falling down

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.