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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 2024-10-01 View latest technical analysis

10 day averaged volume of Shalimar Paints is 187714

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	138.11	136.65	138.78	136.65	0.554 times
30 Mon Sep 2024	136.29	137.60	139.75	135.80	0.66 times
27 Fri Sep 2024	138.78	139.00	141.23	137.00	0.723 times
26 Thu Sep 2024	138.18	138.90	141.69	136.45	1.214 times
25 Wed Sep 2024	138.39	138.70	140.98	135.15	1.017 times
24 Tue Sep 2024	138.75	143.95	144.80	137.40	1.075 times
23 Mon Sep 2024	143.83	141.28	148.06	141.28	1.411 times
20 Fri Sep 2024	141.28	140.95	144.00	140.10	0.57 times
19 Thu Sep 2024	140.06	143.20	144.73	138.70	0.678 times
18 Wed Sep 2024	143.09	145.35	149.05	142.20	0.998 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 136.8 as stoploss in an intra day buy trade for a target of 140.42. However, stock will show a bearish move below 136.8.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	132.10
Upside Target	139.75
Upside Target	145.50
Upside Target	148.06
Upside Target	148.65
Upside Target	152.69
Upside Target	154.00
Upside Target	159.00
Upside Target	162.80

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	136.02
Downside Intraday Target	133.94
Upside Intraday Target	139.97
Upside Intraday Target	141.84
Downside Intraday Target	137.89

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	138.11	137.60	139.75	135.80	0.223 times
27 Fri Sep 2024	138.78	141.28	148.06	135.15	0.75 times
20 Fri Sep 2024	141.28	145.00	154.00	138.70	0.847 times
13 Fri Sep 2024	144.85	136.99	148.65	134.55	1.188 times
06 Fri Sep 2024	136.73	137.45	145.50	133.01	1.933 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
01 Tue Oct 2024	138.11	136.65	138.78	136.65	0.019 times
30 Mon Sep 2024	136.29	137.45	154.00	133.01	1.502 times
30 Fri Aug 2024	137.09	152.50	152.69	132.10	0.68 times
31 Wed Jul 2024	151.38	137.50	162.80	137.00	1.64 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 139.96 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 positive

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