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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 2025-01-14 View latest technical analysis

10 day averaged volume of Shalimar Paints is 114013

Date	Daily Closing Price	Open	High	Low	Volume
14 Tue Jan 2025	128.85	131.00	133.94	127.27	1.078 times
13 Mon Jan 2025	129.32	130.24	135.00	125.82	2.621 times
10 Fri Jan 2025	130.24	125.70	131.00	121.04	2.411 times
09 Thu Jan 2025	125.70	128.00	128.00	125.22	0.179 times
08 Wed Jan 2025	127.10	131.00	132.00	126.10	0.763 times
07 Tue Jan 2025	129.94	126.48	130.50	124.00	0.971 times
06 Mon Jan 2025	124.69	130.40	130.60	123.01	1.144 times
03 Fri Jan 2025	128.89	124.05	132.73	124.05	0.723 times
02 Thu Jan 2025	124.69	124.58	126.73	122.43	0.515 times
01 Wed Jan 2025	124.58	126.00	129.24	124.00	0.415 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 129.8 as stoploss in an intra day sell trade for a target of 126.87. However, stock will show a bullish move above 129.8.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.99
Downside Target	114.87
Downside Target	121.04
Downside Target	125.82
Upside Target	132.00
Upside Target	133.78
Upside Target	135.00
Upside Target	137.00
Upside Target	139.99
Upside Target	154.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	124.78
Downside Intraday Target	120.71
Upside Intraday Target	133.96
Upside Intraday Target	139.07
Upside Intraday Target	129.89

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Tue Jan 2025	128.85	130.24	135.00	125.82	0.676 times
10 Fri Jan 2025	130.24	130.40	132.00	121.04	2.35 times
03 Fri Jan 2025	128.89	128.45	132.73	122.43	0.373 times
27 Fri Dec 2024	128.44	126.70	137.00	126.00	0.397 times
20 Fri Dec 2024	124.83	117.99	133.78	114.87	2.915 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 Tue Jan 2025	128.85	126.00	135.00	121.04	0.26 times
31 Tue Dec 2024	125.92	105.00	137.00	103.00	2.459 times
29 Fri Nov 2024	107.16	113.98	123.00	97.00	0.609 times
31 Thu Oct 2024	113.84	136.65	139.99	100.99	0.579 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 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Shalimar Paints stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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 green color and prices are above the green 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 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 128.4 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 positive

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