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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.

10 day averaged volume of Shalimar Paints is 266514

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	172.10	165.00	173.80	165.00	1.214 times
18 Thu Apr 2024	168.80	168.90	174.95	167.45	1.573 times
16 Tue Apr 2024	164.90	163.50	166.50	162.85	0.252 times
15 Mon Apr 2024	165.10	168.45	168.45	162.15	0.548 times
12 Fri Apr 2024	168.90	172.80	174.15	167.65	0.876 times
10 Wed Apr 2024	172.80	171.05	177.40	171.05	0.647 times
09 Tue Apr 2024	170.70	177.95	181.50	169.05	1.39 times
08 Mon Apr 2024	176.15	176.00	182.00	175.65	0.875 times
05 Fri Apr 2024	176.00	177.05	178.60	174.05	0.656 times
04 Thu Apr 2024	176.20	174.05	183.00	172.35	1.821 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 173.4 as stoploss in an intra day sell trade for a target of 168.56. However, stock will show a bullish move above 173.4.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	150.70
Downside Target	158.40
Upside Target	174.95
Upside Target	177.50
Upside Target	182.00
Upside Target	183.00
Upside Target	199.80
Upside Target	210.15
Upside Target	214.25
Upside Target	224.15

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	164.52
Downside Intraday Target	156.93
Upside Intraday Target	177.32
Upside Intraday Target	182.53
Downside Intraday Target	169.73

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	172.10	168.45	174.95	162.15	0.947 times
12 Fri Apr 2024	168.90	176.00	182.00	167.65	0.716 times
05 Fri Apr 2024	176.00	166.75	183.00	166.75	1.09 times
28 Thu Mar 2024	166.10	164.80	168.05	158.40	0.632 times
22 Fri Mar 2024	165.00	168.40	177.50	160.10	1.085 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
19 Fri Apr 2024	172.10	166.75	183.00	162.15	0.373 times
28 Thu Mar 2024	166.10	173.50	199.80	150.70	0.936 times
29 Thu Feb 2024	173.45	201.90	210.15	165.00	0.515 times
31 Wed Jan 2024	200.80	177.70	224.15	177.00	0.621 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 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 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 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 Weak 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. Bears are weakening, and bulls are picking up momentum!

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 and SELL 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

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 171.94 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 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.