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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 2024-11-05 View latest technical analysis

10 day averaged volume of Shalimar Paints is 200955

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	116.20	114.55	117.55	111.39	0.294 times
04 Mon Nov 2024	114.63	118.25	119.49	113.05	0.453 times
01 Fri Nov 2024	116.67	113.98	117.00	113.88	0.251 times
31 Thu Oct 2024	113.84	109.19	115.00	108.90	0.613 times
30 Wed Oct 2024	109.19	107.20	110.00	106.53	0.585 times
29 Tue Oct 2024	106.77	106.98	109.95	105.11	0.642 times
28 Mon Oct 2024	106.36	113.89	114.20	100.99	5.075 times
25 Fri Oct 2024	112.22	120.20	120.20	111.30	0.556 times
24 Thu Oct 2024	119.26	119.00	121.00	117.43	0.219 times
23 Wed Oct 2024	119.76	116.45	121.72	114.79	0.454 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 112.1 as stoploss in an intra day buy trade for a target of 120.69. However, stock will show a bearish move below 112.1.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	100.99
Downside Target	111.30
Upside Target	117.00
Upside Target	119.49
Upside Target	126.81
Upside Target	132.10
Upside Target	133.01
Upside Target	136.05
Upside Target	137.00
Upside Target	139.99
Upside Target	152.69
Upside Target	154.00
Upside Target	162.80

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	111.9
Downside Intraday Target	107.59
Upside Intraday Target	120
Upside Intraday Target	123.79
Downside Intraday Target	115.69

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	116.20	118.25	119.49	111.39	0.104 times
01 Fri Nov 2024	116.67	113.89	117.00	100.99	2.579 times
25 Fri Oct 2024	112.22	128.88	129.00	111.30	1.733 times
18 Fri Oct 2024	128.08	131.00	133.00	126.81	0.642 times
11 Fri Oct 2024	130.32	135.55	136.05	126.99	0.969 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
05 Tue Nov 2024	116.20	113.98	119.49	111.39	0.063 times
31 Thu Oct 2024	113.84	136.65	139.99	100.99	0.579 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

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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

CCI has generated a SELL signal for Shalimar Paints in short term but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in negative zone. This is the SELL 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 109.41 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 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 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.