Is Shalimar Wires Industries Limited stock a buy or sell right now?

Shalimar Wires Industries Limited currently trades in a Neutral range, with momentum and trend indicators showing no clear direction.

What is Shalimar Wires Industries Limited’s RSI?

RSI is 74.03, indicating overbought levels and potential for a pullback.

What does MACD indicate for SHALIWIR.BO?

MACD at 0.23 signals bullish momentum with buyers in control.

What are Shalimar Wires Industries Limited’s key support and resistance levels?

Support sits around $16.65, while resistance is near $19.46. A breakout above $19.46 would open the door for further upside.

Shalimar Wires Industries Limited (SHALIWIR.BO) Stock Technical Analysis & Trading Signals

Live technical indicators, trading signals, and momentum insights for Shalimar Wires Industries Limited.

SHALIWIR.BO●BSE

Consumer CyclicalPackaging & Containers

₹21.01

₹3.43(19.51%)

Indian Market opens in 5h 51m

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

SHALIWIR.BO Technical Analysis Summary

Shalimar Wires Industries Limited stock currently trades in a neutral range, with no clear dominance from buyers or sellers.

Overall Sentiment:Neutral

Momentum:Bullish to Bearish Risk (RSI: 74.03)

Trend Strength:Weak (ADX: 14.38)

Volatility:High (ATR: 1.06)

Support/Resistance:$16.65 – $19.46 (Bollinger Bands)

Overall, Shalimar Wires Industries Limited remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 74.03

Bearish

Overbought, selling pressure may emerge.

Stochastic %K: 63.54

Bullish

Buying momentum building without extremes.

Williams %R: -1.96

Bearish

Overbought levels may trigger correction.

Rate of Change (ROC): 16.08

Strongly Bullish

Strong upside momentum.

Takeaway:Shalimar Wires Industries Limited shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 0.23

Bullish

Bullish, trend momentum is strengthening.

ADX: 14.38

Weak

Weak trend, market trading sideways.

ATR (14): 1.06

Low

Low volatility, stable price action.

CCI (14): 446.92

Bearish Risk

Bearish risk, overbought levels suggest caution.

Takeaway:Shalimar Wires Industries Limited shows a neutral trend, with weak conviction and limited volatility.

Support & Resistance indicators

Bollinger Bands

Upper Band

$19.46

Middle Band (SMA 20)

$18.05

Lower Band

$16.65

Current Position

Above Upper Band

Takeaway:Shalimar Wires Industries Limited trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels

Upper Channel

$20.25

Middle Line (EMA 20)

$18.14

Lower Channel

$16.03

Squeeze Status

Squeeze On

Takeaway:Shalimar Wires Industries Limited trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis

On-Balance Volume146.67K

Money Flow Index85.08Bearish risk, overbought conditions may trigger pullback.

Relative Vigor Index62.60Bullish, price momentum strongly favors buyers.

Overall Takeaway:SHALIWIR.BO shows overheated money flow, with risk of pullback from overbought conditions.

Technical Trading Signals Summary

Based on the current technical analysis of Shalimar Wires Industries Limited, here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

Price trading above middle Bollinger Band → mid-term support intact.

Bearish Signals

Price near upper Bollinger Band → potential resistance and pullback risk.

MFI above 80 → overbought conditions may limit upside.

Overall Recommendation:Technical indicators for Shalimar Wires Industries Limited are mixed, suggesting a Hold or wait-and-see approach.