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Stock analysis Shalimar Paints Limited SHALPAINTS

More indepth analysis on MunafaSutra.com

Moving Averages for Shalimar Paints Limited

  • 5Day Average: 109.51
  • 12Day Average: 105.07
  • 20Day Average: 108.7
  • 50Day Average: 120.54
  • 100Day Average: 130.88
  • 150Day Average: 137.6
  • 200Day Average: 146.95

SHALPAINTS Indicators & signals

Indicator MACD (12,26,9)

107.76, 111.1, -4.84
Indicator MACD is in negative zone

Indicator ADX (14)

3.7, 21.63, 23.29
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 48
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
02 Mon Dec 2024 111.49 103.00 to 113.88 4.04% 0.92 times
29 Fri Nov 2024 107.16 105.56 to 109.35 -1.53% 0.48 times
28 Thu Nov 2024 108.82 107.22 to 113.50 -1.85% 0.98 times
27 Wed Nov 2024 110.87 108.10 to 112.89 1.52% 0.96 times
26 Tue Nov 2024 109.21 101.31 to 111.48 6.7% 1.24 times
25 Mon Nov 2024 102.35 101.01 to 103.19 1.92% 0.58 times
22 Fri Nov 2024 100.42 97.95 to 102.00 1.74% 1.41 times
21 Thu Nov 2024 98.70 97.00 to 102.99 -4.51% 1.82 times
19 Tue Nov 2024 103.36 103.00 to 105.56 0.77% 0.66 times
18 Mon Nov 2024 102.57 101.91 to 105.45 -2.03% 1.06 times
14 Thu Nov 2024 104.70 101.36 to 106.69 3.43% 0.8 times
13 Wed Nov 2024 101.23 100.10 to 105.33 -1.31% 1.09 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, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Shalimar Paints Limited is bullish for shortterm, and stock might move up till 115.8 or till 123.6. Use a stoploss of 109.35 and if this stock hits its stoploss, then it can fall down till 102.87

More indepth analysis on MunafaSutra.com