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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 2025-01-16 View latest technical analysis

10 day averaged volume of Shalimar Paints is 134416

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	134.15	127.99	134.99	126.60	1.676 times
15 Wed Jan 2025	127.53	128.60	129.38	125.50	1.175 times
14 Tue Jan 2025	128.85	131.00	133.94	127.27	0.914 times
13 Mon Jan 2025	129.32	130.24	135.00	125.82	2.223 times
10 Fri Jan 2025	130.24	125.70	131.00	121.04	2.045 times
09 Thu Jan 2025	125.70	128.00	128.00	125.22	0.152 times
08 Wed Jan 2025	127.10	131.00	132.00	126.10	0.647 times
07 Tue Jan 2025	129.94	126.48	130.50	124.00	0.824 times
06 Mon Jan 2025	124.69	130.40	130.60	123.01	0.971 times
03 Fri Jan 2025	128.89	124.05	132.73	124.05	0.613 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 133.3, for a target of 130.3 or 127.86

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	125.50
Downside Target	132.00
Downside 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	128.1
Downside Intraday Target	122.05
Upside Intraday Target	137.6
Upside Intraday Target	141.05
Downside Intraday Target	131.55

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	134.15	130.24	135.00	125.50	1.291 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 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
16 Thu Jan 2025	134.15	126.00	135.00	121.04	0.341 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 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 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 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.

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 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 and the buying is gaining 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 129.43 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.