Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-11-14 View latest technical analysis

10 day averaged volume of Shalimar Paints is 100093

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	104.70	102.09	106.69	101.36	0.844 times
13 Wed Nov 2024	101.23	104.00	105.33	100.10	1.14 times
12 Tue Nov 2024	102.57	110.48	110.70	101.35	1.345 times
11 Mon Nov 2024	108.59	116.00	116.00	106.59	1.188 times
08 Fri Nov 2024	114.93	118.30	121.50	114.50	0.794 times
07 Thu Nov 2024	118.30	121.95	123.00	118.00	0.595 times
06 Wed Nov 2024	121.15	118.99	122.02	116.04	1.703 times
05 Tue Nov 2024	116.20	114.55	117.55	111.39	0.59 times
04 Mon Nov 2024	114.63	118.25	119.49	113.05	0.91 times
01 Fri Nov 2024	116.67	113.98	117.00	113.88	0.505 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 106.6, but if it comes above 106.6, then a intra day buy could be more profitable.
If you take a sell trade below 106.6, then use 106.6 as stoploss and 98.2 as target. However if you take a buy trade in stock , then use 106.6 as stoploss and 113.68 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	100.10
Upside Target	111.30
Upside Target	116.00
Upside Target	123.00
Upside Target	126.81
Upside Target	132.10
Upside Target	133.00
Upside Target	133.01
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	97.87
Downside Intraday Target	91.03
Upside Intraday Target	113.77
Upside Intraday Target	122.83
Upside Intraday Target	106.93

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	104.70	116.00	116.00	100.10	0.984 times
08 Fri Nov 2024	114.93	118.25	123.00	111.39	0.319 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

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
14 Thu Nov 2024	104.70	113.98	123.00	100.10	0.304 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 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 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 SELL signal in short term but selling 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 111.35 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.