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Stock analysis Shalimar Paints Limited SHALPAINTS

More indepth analysis on MunafaSutra.com

Moving Averages for Shalimar Paints Limited

  • 5Day Average: 105.23
  • 12Day Average: 102.76
  • 20Day Average: 103.96
  • 50Day Average: 112.83
  • 100Day Average: 117.36
  • 150Day Average: 120.35
  • 200Day Average: 125.84

SHALPAINTS Indicators & signals

Indicator MACD (12,26,9)

105.08, 106.22, -2.83
Indicator MACD is in negative zone

Indicator ADX (14)

19.72, 27.24, 18.27
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 51
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
15 Tue Apr 2025 114.08 106.80 to 115.10 6.29% 1.94 times
11 Fri Apr 2025 107.33 106.66 to 110.87 -0.18% 0.44 times
09 Wed Apr 2025 107.52 102.77 to 111.65 4.09% 2.02 times
08 Tue Apr 2025 103.30 96.50 to 103.30 10% 0.94 times
07 Mon Apr 2025 93.91 92.10 to 98.24 -7.88% 1.26 times
04 Fri Apr 2025 101.94 100.00 to 105.00 -0.7% 0.3 times
03 Thu Apr 2025 102.66 100.45 to 103.89 1.67% 0.22 times
02 Wed Apr 2025 100.97 100.75 to 103.45 -2.51% 0.66 times
01 Tue Apr 2025 103.57 99.01 to 106.01 4.92% 1.08 times
28 Fri Mar 2025 98.71 98.50 to 102.29 -1.14% 1.04 times
27 Thu Mar 2025 99.85 98.36 to 103.18 0.58% 2.05 times
26 Wed Mar 2025 99.27 98.50 to 105.66 -4.99% 1.71 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.

Although my analysis for Shalimar Paints Limited 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 114.7, for a target of 109.6 or 105.32

More indepth analysis on MunafaSutra.com