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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 2025-01-31 View latest technical analysis

10 day averaged volume of Shalimar Paints is 189269

Date	Daily Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	139.21	135.46	144.00	134.91	1.512 times
30 Thu Jan 2025	135.18	135.80	138.84	134.05	0.543 times
29 Wed Jan 2025	135.46	124.50	136.74	124.38	0.806 times
28 Tue Jan 2025	124.31	127.44	129.09	122.25	1.055 times
27 Mon Jan 2025	127.44	133.40	133.40	125.55	0.424 times
24 Fri Jan 2025	131.98	132.45	134.76	130.96	0.471 times
23 Thu Jan 2025	132.19	132.70	133.20	129.50	0.414 times
22 Wed Jan 2025	133.24	129.72	135.12	126.81	0.971 times
21 Tue Jan 2025	129.08	129.60	129.60	127.99	0.369 times
20 Mon Jan 2025	128.24	132.78	135.00	124.44	1.349 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 138.7, for a target of 134.1 or 130.32

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
Downside Target	137.00
Upside Target	139.99
Upside Target	140.50
Upside Target	144.00
Upside Target	154.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	126.31
Downside Intraday Target	113.4
Upside Intraday Target	148.06
Upside Intraday Target	156.9
Downside Intraday Target	135.15

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Fri Jan 2025	139.21	133.40	144.00	122.25	1.214 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
31 Fri Jan 2025	139.21	126.00	144.00	121.04	0.8 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

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 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 132.06 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.