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Stock analysis Shalimar Paints Limited SHALPAINTS

More indepth analysis on MunafaSutra.com

Moving Averages for Shalimar Paints Limited

  • 5Day Average: 127.53
  • 12Day Average: 126.98
  • 20Day Average: 125.94
  • 50Day Average: 116.91
  • 100Day Average: 125.03
  • 150Day Average: 131.3
  • 200Day Average: 138.93

SHALPAINTS Indicators & signals

Indicator MACD (12,26,9)

126.75, 123.86, 3.09
Indicator MACD is in positive zone

Indicator ADX (14)

18.39, 21.15, 14.58
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
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
10 Fri Jan 2025 130.24 121.04 to 131.00 3.61% 4.22 times
09 Thu Jan 2025 125.70 125.22 to 128.00 -1.1% 0.31 times
08 Wed Jan 2025 127.10 126.10 to 132.00 -2.19% 1.34 times
07 Tue Jan 2025 129.94 124.00 to 130.50 4.21% 1.7 times
06 Mon Jan 2025 124.69 123.01 to 130.60 -3.26% 2 times
03 Fri Jan 2025 128.89 124.05 to 132.73 3.37% 1.27 times
02 Thu Jan 2025 124.69 122.43 to 126.73 0.09% 0.9 times
01 Wed Jan 2025 124.58 124.00 to 129.24 -1.06% 0.73 times
31 Tue Dec 2024 125.92 122.80 to 126.97 0.39% 0.45 times
30 Mon Dec 2024 125.43 124.00 to 128.99 -2.34% 0.73 times
27 Fri Dec 2024 128.44 128.00 to 129.60 0.28% 0.57 times
26 Thu Dec 2024 128.08 126.00 to 130.20 -1.64% 0.99 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 128.8, but if it comes below 128.8, then a intra day sell could be more profitable.
If you take a sell trade below 128.8, then use 128.8 as stoploss and 125 as target. However if you take a buy trade in Shalimar Paints Limited, then use 128.8 as stoploss and 133.3 as target.

More indepth analysis on MunafaSutra.com