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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 2025-01-30 View latest technical analysis

10 day averaged volume of Shalimar Paints is 201520

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	135.18	135.80	138.84	134.05	0.51 times
29 Wed Jan 2025	135.46	124.50	136.74	124.38	0.757 times
28 Tue Jan 2025	124.31	127.44	129.09	122.25	0.991 times
27 Mon Jan 2025	127.44	133.40	133.40	125.55	0.399 times
24 Fri Jan 2025	131.98	132.45	134.76	130.96	0.443 times
23 Thu Jan 2025	132.19	132.70	133.20	129.50	0.389 times
22 Wed Jan 2025	133.24	129.72	135.12	126.81	0.912 times
21 Tue Jan 2025	129.08	129.60	129.60	127.99	0.346 times
20 Mon Jan 2025	128.24	132.78	135.00	124.44	1.267 times
17 Fri Jan 2025	132.51	134.02	140.50	131.21	3.379 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 133, but if it comes below 133, then a intra day sell could be more profitable.
If you take a sell trade below 133, then use 133 as stoploss and 129.8 as target. However if you take a buy trade in stock , then use 133 as stoploss and 136.9 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.99
Downside Target	121.04
Downside Target	132.00
Downside Target	133.01
Downside Target	135.12
Upside Target	137.00
Upside Target	138.84
Upside Target	139.99
Upside Target	140.50
Upside Target	154.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	125.34
Downside Intraday Target	115.5
Upside Intraday Target	141.93
Upside Intraday Target	148.68
Downside Intraday Target	132.09

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Jan 2025	135.18	133.40	138.84	122.25	0.791 times
24 Fri Jan 2025	131.98	132.78	135.12	124.44	0.455 times
17 Fri Jan 2025	132.51	130.24	140.50	125.50	2.383 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

Price has moved up 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
30 Thu Jan 2025	135.18	126.00	140.50	121.04	0.74 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 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 short to mid 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 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.

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 green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a buy signal for Shalimar Paints in short term and BUY signal is strong.

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

Although the stock is in the SELL zone, but selling 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 131.14 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 positive

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