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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 2024-04-18 View latest technical analysis

10 day averaged volume of Shalimar Paints is 247251

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	168.80	168.90	174.95	167.45	1.696 times
16 Tue Apr 2024	164.90	163.50	166.50	162.85	0.272 times
15 Mon Apr 2024	165.10	168.45	168.45	162.15	0.59 times
12 Fri Apr 2024	168.90	172.80	174.15	167.65	0.944 times
10 Wed Apr 2024	172.80	171.05	177.40	171.05	0.698 times
09 Tue Apr 2024	170.70	177.95	181.50	169.05	1.498 times
08 Mon Apr 2024	176.15	176.00	182.00	175.65	0.943 times
05 Fri Apr 2024	176.00	177.05	178.60	174.05	0.707 times
04 Thu Apr 2024	176.20	174.05	183.00	172.35	1.963 times
03 Wed Apr 2024	173.75	170.20	175.90	167.95	1.468 times

My analysis of stock is bullish for shortterm, and stock might move up till 173.6 or till 179.5. Use a stoploss of 168.64 and if this stock hits its stoploss, then it can fall down till 163.68

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Downside Target	158.40
Upside Target	174.95
Upside Target	177.50
Upside Target	182.00
Upside Target	183.00
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	162.32
Downside Intraday Target	155.83
Upside Intraday Target	175.12
Upside Intraday Target	181.43
Downside Intraday Target	168.63

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	168.80	168.45	174.95	162.15	0.626 times
12 Fri Apr 2024	168.90	176.00	182.00	167.65	0.716 times
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

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
18 Thu Apr 2024	168.80	166.75	183.00	162.15	0.337 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 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 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 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 losing 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 LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 but buying is losing 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 172.17 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.