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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 2024-03-15 View latest technical analysis

10 day averaged volume of Shalimar Paints is 548582

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	166.40	168.00	171.55	162.80	0.4 times
14 Thu Mar 2024	168.00	157.00	172.65	157.00	0.619 times
13 Wed Mar 2024	157.00	166.90	170.90	150.70	1.268 times
12 Tue Mar 2024	166.90	176.70	178.70	164.95	0.789 times
11 Mon Mar 2024	178.25	180.55	184.85	176.00	0.364 times
07 Thu Mar 2024	180.40	184.30	188.50	179.10	0.623 times
06 Wed Mar 2024	184.55	192.50	195.25	182.95	0.78 times
05 Tue Mar 2024	194.85	195.00	198.90	190.00	1.676 times
04 Mon Mar 2024	193.65	176.65	199.80	176.25	2.989 times
02 Sat Mar 2024	178.05	174.00	180.85	172.35	0.228 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 169.8, but if it comes above 169.8, then a intra day buy could be more profitable.
If you take a sell trade below 169.8, then use 169.8 as stoploss and 154.7 as target. However if you take a buy trade in stock , then use 169.8 as stoploss and 182.28 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Downside Target	165.00
Upside Target	169.25
Upside Target	176.25
Upside 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	149.78
Downside Intraday Target	133.17
Upside Intraday Target	183.93
Upside Intraday Target	201.47
Upside Intraday Target	167.32

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	166.40	180.55	184.85	150.70	0.567 times
07 Thu Mar 2024	180.40	176.65	199.80	176.25	1.194 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

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
15 Fri Mar 2024	166.40	173.50	199.80	150.70	0.59 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 down 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 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 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 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 coming down

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 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 181.65 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 negative.

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