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Stock analysis Shalimar Paints Limited SHALPAINTS

More indepth analysis on MunafaSutra.com

Moving Averages for Shalimar Paints Limited

  • 5Day Average: 100.95
  • 12Day Average: 99.94
  • 20Day Average: 100.74
  • 50Day Average: 103.46
  • 100Day Average: 110.52
  • 150Day Average: 113.01
  • 200Day Average: 117.6

SHALPAINTS Indicators & signals

Indicator MACD (12,26,9)

100.58, 101.35, -1.13
Indicator MACD is in negative zone

Indicator ADX (14)

35.66, 25.73, 12.2
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 59
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHALPAINTS Shalimar Paints Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
13 Fri Jun 2025 100.11 99.50 to 101.99 -2.33% 1.71 times
12 Thu Jun 2025 102.50 100.02 to 107.76 1.03% 4.09 times
11 Wed Jun 2025 101.46 100.48 to 103.29 0.4% 0.69 times
10 Tue Jun 2025 101.06 100.00 to 101.68 1.47% 0.37 times
09 Mon Jun 2025 99.60 98.82 to 104.20 0.64% 1.45 times
06 Fri Jun 2025 98.97 98.10 to 101.41 -0.56% 0.71 times
05 Thu Jun 2025 99.53 97.61 to 100.90 2.53% 0.71 times
04 Wed Jun 2025 97.07 96.60 to 99.25 -1.84% 0.55 times
03 Tue Jun 2025 98.89 98.62 to 100.45 -0.9% 0.29 times
02 Mon Jun 2025 99.79 98.66 to 100.55 -0.14% 0.71 times
30 Fri May 2025 99.93 99.50 to 101.52 -0.39% 0.44 times
29 Thu May 2025 100.32 99.90 to 102.13 -0.9% 0.56 times

Technical analysis forecast for Shalimar Paints Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Shalimar Paints Limited SHALPAINTS at this time. Stock is falling and might fall more.

It appears as if Shalimar Paints Limited SHALPAINTS gave a large move recently.

Stock of Shalimar Paints Limited (SHALPAINTS) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

My analysis of Shalimar Paints Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 99.4 as stoploss in an intra day buy trade for a target of 100.93. However, stock will show a bearish move below 99.4.

More indepth analysis on MunafaSutra.com