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Stock analysis Shalimar Paints Limited SHALPAINTS

More indepth analysis on MunafaSutra.com

Moving Averages for Shalimar Paints Limited

  • 5Day Average: 149.16
  • 12Day Average: 145.55
  • 20Day Average: 145.01
  • 50Day Average: 151.04
  • 100Day Average: 163.01
  • 150Day Average: 172.42
  • 200Day Average: 172.99

SHALPAINTS Indicators & signals

Indicator MACD (12,26,9)

147.21, 147.6, -1.6
Indicator MACD is in negative zone

Indicator ADX (14)

10.37, 22.47, 18.25
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 56
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
12 Fri Jul 2024 147.30 146.10 to 151.99 -0.64% 0.56 times
11 Thu Jul 2024 148.25 147.70 to 152.67 -2.07% 0.46 times
10 Wed Jul 2024 151.38 143.42 to 156.00 1.65% 1.51 times
09 Tue Jul 2024 148.93 148.00 to 152.00 -0.67% 0.32 times
08 Mon Jul 2024 149.93 149.10 to 154.98 -1.99% 0.4 times
05 Fri Jul 2024 152.98 150.29 to 162.80 -0.44% 1.81 times
04 Thu Jul 2024 153.65 140.30 to 154.12 9.66% 2.8 times
03 Wed Jul 2024 140.11 137.50 to 141.50 1.57% 1.19 times
02 Tue Jul 2024 137.95 137.00 to 142.38 -1.23% 0.49 times
01 Mon Jul 2024 139.67 137.50 to 142.98 1.2% 0.56 times
28 Fri Jun 2024 138.01 137.05 to 140.03 -0.27% 0.46 times
27 Thu Jun 2024 138.38 137.46 to 141.63 -1.07% 0.27 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, and stock might move up till 152 or till 158. Use a stoploss of 147.04 and if this stock hits its stoploss, then it can fall down till 142.05

More indepth analysis on MunafaSutra.com