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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 2025-01-27 View latest technical analysis

10 day averaged volume of Shalimar Paints is 216236

Date	Daily Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	127.44	133.40	133.40	125.55	0.372 times
24 Fri Jan 2025	131.98	132.45	134.76	130.96	0.413 times
23 Thu Jan 2025	132.19	132.70	133.20	129.50	0.363 times
22 Wed Jan 2025	133.24	129.72	135.12	126.81	0.85 times
21 Tue Jan 2025	129.08	129.60	129.60	127.99	0.323 times
20 Mon Jan 2025	128.24	132.78	135.00	124.44	1.181 times
17 Fri Jan 2025	132.51	134.02	140.50	131.21	3.15 times
16 Thu Jan 2025	134.15	127.99	134.99	126.60	1.042 times
15 Wed Jan 2025	127.53	128.60	129.38	125.50	0.73 times
14 Tue Jan 2025	128.85	131.00	133.94	127.27	0.568 times

My analysis of stock is bearish for shortterm, and stock might move down till 125.9 or till 122.5. Use a stoploss of 128.81 and if the stock hits stoploss, then it can shoot up till 131.67

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.99
Downside Target	121.04
Upside Target	132.00
Upside Target	133.01
Upside Target	133.40
Upside Target	135.12
Upside Target	137.00
Upside Target	139.99
Upside Target	140.50
Upside Target	154.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	124.19
Downside Intraday Target	120.95
Upside Intraday Target	132.04
Upside Intraday Target	136.65
Upside Intraday Target	128.8

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Mon Jan 2025	127.44	133.40	133.40	125.55	0.119 times
24 Fri Jan 2025	131.98	132.78	135.12	124.44	0.455 times
17 Fri Jan 2025	132.51	130.24	140.50	125.50	2.383 times
10 Fri Jan 2025	130.24	130.40	132.00	121.04	2.35 times
03 Fri Jan 2025	128.89	128.45	132.73	122.43	0.373 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
27 Mon Jan 2025	127.44	126.00	140.50	121.04	0.644 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 Weak 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 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 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 BUY signal in short term but buying is losing 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 131.2 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.