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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 2024-03-02 View latest technical analysis

10 day averaged volume of Shalimar Paints is 413380

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	178.05	174.00	180.85	172.35	0.303 times
01 Fri Mar 2024	172.25	173.50	178.00	169.65	0.881 times
29 Thu Feb 2024	173.45	172.95	178.05	169.35	1.244 times
28 Wed Feb 2024	173.00	180.90	182.35	165.00	1.784 times
27 Tue Feb 2024	180.35	195.45	195.45	178.85	1.732 times
26 Mon Feb 2024	194.90	195.60	198.00	190.80	0.801 times
23 Fri Feb 2024	195.60	197.75	198.00	192.75	0.93 times
22 Thu Feb 2024	196.75	196.00	199.30	195.10	0.663 times
21 Wed Feb 2024	196.85	197.55	198.50	195.35	0.516 times
20 Tue Feb 2024	196.25	199.00	200.00	195.25	0.701 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 182.1, but if it comes above 182.1, then a intra day buy could be more profitable.
If you take a sell trade below 182.1, then use 182.1 as stoploss and 169.6 as target. However if you take a buy trade in stock , then use 182.1 as stoploss and 192.47 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	165.00
Downside Target	169.25
Downside Target	177.00
Upside Target	180.85
Upside Target	192.25
Upside Target	198.00
Upside Target	200.00
Upside Target	200.80
Upside Target	209.10
Upside Target	210.15
Upside Target	214.25
Upside Target	224.15

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	162.7
Downside Intraday Target	147.35
Upside Intraday Target	195.7
Upside Intraday Target	213.35
Upside Intraday Target	180.35

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	178.05	195.60	198.00	165.00	1.895 times
23 Fri Feb 2024	195.60	198.00	200.00	192.75	0.784 times
16 Fri Feb 2024	196.50	198.70	200.80	193.10	0.587 times
09 Fri Feb 2024	199.95	194.50	210.15	186.95	1.872 times
02 Fri Feb 2024	194.00	204.70	209.10	192.25	0.712 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	178.05	173.50	180.85	169.65	0.051 times
29 Thu Feb 2024	173.45	201.90	210.15	165.00	0.515 times
31 Wed Jan 2024	200.80	177.70	224.15	177.00	0.621 times
29 Fri Dec 2023	177.70	171.15	214.25	169.25	8.939 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 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 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 to mid 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 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 SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Shalimar Paints in short term and the sell signal is strong.

Shalimar Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shalimar Paints in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 183.16 and Shalimar Paints (SHALPAINTS) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.