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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 396806

Date Daily Closing Price Open High Low Volume
28 Thu Mar 2024 166.10 160.10 166.50 160.10 1.584 times
27 Wed Mar 2024 160.40 164.05 165.55 158.40 1.101 times
26 Tue Mar 2024 163.60 164.80 168.05 162.65 0.578 times
22 Fri Mar 2024 165.00 161.70 171.00 161.35 1.509 times
21 Thu Mar 2024 161.65 164.00 170.10 160.10 1.274 times
20 Wed Mar 2024 162.00 166.35 168.75 160.40 0.926 times
19 Tue Mar 2024 165.60 173.75 175.75 164.50 0.79 times
18 Mon Mar 2024 173.75 168.40 177.50 166.35 0.661 times
15 Fri Mar 2024 166.40 168.00 171.55 162.80 0.552 times
14 Thu Mar 2024 168.00 157.00 172.65 157.00 0.856 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 161.3 as stoploss in an intra day buy trade for a target of 171.59. However, stock will show a bearish move below 161.3.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type Value
Downside Target 150.70
Downside Target 158.40
Downside Target 165.00
Upside Target 176.25
Upside Target 184.30
Upside Target 184.85
Upside Target 198.00
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 160.32
Downside Intraday Target 154.53
Upside Intraday Target 169.97
Upside Intraday Target 173.83
Downside Intraday Target 164.18

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date Weekly Closing Price Open High Low Volume
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
15 Fri Mar 2024 166.40 180.55 184.85 150.70 0.567 times
07 Thu Mar 2024 180.40 176.65 199.80 176.25 1.194 times
02 Sat Mar 2024 178.05 195.60 198.00 165.00 1.895 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
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
29 Fri Dec 2023 177.70 171.15 214.25 169.25 8.939 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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 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 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 164.84 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 negative.

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

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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 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 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 164.84 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 negative.

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

Click here for Shalimar Paints charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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