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Stock analysis Shalimar Paints Limited SHALPAINTS

More indepth analysis on MunafaSutra.com

Moving Averages for Shalimar Paints Limited

  • 5Day Average: 136.88
  • 12Day Average: 132.57
  • 20Day Average: 131.42
  • 50Day Average: 125.15
  • 100Day Average: 123.95
  • 150Day Average: 129.77
  • 200Day Average: 135.42

SHALPAINTS Indicators & signals

Indicator MACD (12,26,9)

133.58, 130.54, 2.59
Indicator MACD is in positive zone

Indicator ADX (14)

24.43, 27.48, 16.69
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 63
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
04 Tue Feb 2025 136.43 133.80 to 139.95 -1.21% 0.45 times
03 Mon Feb 2025 138.10 131.25 to 139.16 -0.8% 0.66 times
31 Fri Jan 2025 139.21 134.91 to 144.00 2.98% 2.15 times
30 Thu Jan 2025 135.18 134.05 to 138.84 -0.21% 0.77 times
29 Wed Jan 2025 135.46 124.38 to 136.74 8.97% 1.15 times
28 Tue Jan 2025 124.31 122.25 to 129.09 -2.46% 1.5 times
27 Mon Jan 2025 127.44 125.55 to 133.40 -3.44% 0.6 times
24 Fri Jan 2025 131.98 130.96 to 134.76 -0.16% 0.67 times
23 Thu Jan 2025 132.19 129.50 to 133.20 -0.79% 0.59 times
22 Wed Jan 2025 133.24 126.81 to 135.12 3.22% 1.38 times
21 Tue Jan 2025 129.08 127.99 to 129.60 0.66% 0.52 times
20 Mon Jan 2025 128.24 124.44 to 135.00 -3.22% 1.92 times

Technical analysis forecast of Shalimar Paints Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Shalimar Paints Limited SHALPAINTS at this time. Stock is rising and might rise more.

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

Stock of Shalimar Paints Limited (SHALPAINTS) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Shalimar Paints Limited is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Shalimar Paints Limited stays above 135.7, but if it comes below 135.7, then a intra day sell could be more profitable.
If you take a sell trade below 135.7, then use 135.7 as stoploss and 131.74 as target. However if you take a buy trade in Shalimar Paints Limited, then use 135.7 as stoploss and 140.5 as target.

More indepth analysis on MunafaSutra.com