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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 2024-04-05 View latest technical analysis

10 day averaged volume of Shalimar Paints is 400241

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	176.00	177.05	178.60	174.05	0.437 times
04 Thu Apr 2024	176.20	174.05	183.00	172.35	1.213 times
03 Wed Apr 2024	173.75	170.20	175.90	167.95	0.907 times
02 Tue Apr 2024	170.60	171.50	175.00	169.60	0.566 times
01 Mon Apr 2024	170.80	166.75	171.90	166.75	0.402 times
28 Thu Mar 2024	166.10	160.10	166.50	160.10	1.57 times
27 Wed Mar 2024	160.40	164.05	165.55	158.40	1.091 times
26 Tue Mar 2024	163.60	164.80	168.05	162.65	0.573 times
22 Fri Mar 2024	165.00	161.70	171.00	161.35	1.496 times
21 Thu Mar 2024	161.65	164.00	170.10	160.10	1.263 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 176.4 as stoploss in an intra day sell trade for a target of 169.35. However, stock will show a bullish move above 176.4.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Downside Target	158.40
Downside Target	165.00
Upside Target	176.25
Upside Target	183.00
Upside Target	184.85
Upside Target	199.80
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	167.5
Downside Intraday Target	159
Upside Intraday Target	183.75
Upside Intraday Target	191.5
Downside Intraday Target	175.25

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	176.00	166.75	183.00	166.75	1.09 times
28 Thu Mar 2024	166.10	164.80	168.05	158.40	0.632 times
22 Fri Mar 2024	165.00	168.40	177.50	160.10	1.085 times
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

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
05 Fri Apr 2024	176.00	166.75	183.00	166.75	0.156 times
28 Thu Mar 2024	166.10	173.50	199.80	150.70	0.936 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

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 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 BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Shalimar Paints in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 in or above 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 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 167.47 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 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 is giving positive 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.