(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 2024-03-06 View latest technical analysis
10 day averaged volume of Shalimar Paints is 600566
Date | Daily Closing Price | Open | High | Low | Volume |
06 Wed Mar 2024 | 184.55 | 192.50 | 195.25 | 182.95 | 0.712 times |
05 Tue Mar 2024 | 194.85 | 195.00 | 198.90 | 190.00 | 1.531 times |
04 Mon Mar 2024 | 193.65 | 176.65 | 199.80 | 176.25 | 2.73 times |
02 Sat Mar 2024 | 178.05 | 174.00 | 180.85 | 172.35 | 0.208 times |
01 Fri Mar 2024 | 172.25 | 173.50 | 178.00 | 169.65 | 0.606 times |
29 Thu Feb 2024 | 173.45 | 172.95 | 178.05 | 169.35 | 0.856 times |
28 Wed Feb 2024 | 173.00 | 180.90 | 182.35 | 165.00 | 1.228 times |
27 Tue Feb 2024 | 180.35 | 195.45 | 195.45 | 178.85 | 1.192 times |
26 Mon Feb 2024 | 194.90 | 195.60 | 198.00 | 190.80 | 0.551 times |
23 Fri Feb 2024 | 195.60 | 197.75 | 198.00 | 192.75 | 0.64 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 181.2 as stoploss in an intra day buy trade for a target of 190.59. However, stock will show a bearish move below 181.2.
Share price targets for Shalimar Paints (SHALPAINTS)
Target Type | Value |
Downside Target | 165.00 |
Downside Target | 169.25 |
Downside Target | 176.25 |
Downside Target | 184.30 |
Upside Target | 192.75 |
Upside Target | 198.00 |
Upside Target | 199.80 |
Upside Target | 200.00 |
Upside Target | 200.80 |
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 | 173.93 |
Downside Intraday Target | 163.32 |
Upside Intraday Target | 197.48 |
Upside Intraday Target | 210.42 |
Upside Intraday Target | 186.87 |
Weekly technical analysis of Shalimar Paints (SHALPAINTS)
Date | Weekly Closing Price | Open | High | Low | Volume |
06 Wed Mar 2024 | 184.55 | 176.65 | 199.80 | 176.25 | 1.071 times |
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 |
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 |
06 Wed Mar 2024 | 184.55 | 173.50 | 199.80 | 169.65 | 0.36 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 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 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 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 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 SELL. Signal strength is Weak and stock is gaining 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Shalimar Paints in short term but SELL signal is weak.
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 186.1 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.
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 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 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 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 SELL. Signal strength is Weak and stock is gaining 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Shalimar Paints in short term but SELL signal is weak.
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 186.1 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.
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Daily charts
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