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Shalimar Paints Ltd

SHALPAINTS.BO Technical Analysis Summary (BSE)

Analyze SHALPAINTS.BO on the BSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

SHALPAINTS.BO●BSE
Basic MaterialsChemicals - Specialty
₹69.11
₹6.24(9.93%)
Indian Market opens in 25h 21m

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

SHALPAINTS.BO Technical Analysis Summary (BSE)

Shalimar Paints Ltd (BSE: SHALPAINTS.BO) stock currently shows a bullish trend on the BSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Bullish (RSI: 67.19)
Trend Strength:Moderate (ADX: 23.06)
Volatility:High (ATR: 4.57)
Support/Resistance:$42.48 – $68.02 (Bollinger Bands)

Technical conditions suggest Shalimar Paints Ltd on the BSE is awaiting a decisive move. Overall, Shalimar Paints Ltd remains neutral, with indicators showing mixed momentum.

Momentum Indicators

RSI (14): 67.19

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 78.25

Bullish
Buying momentum building without extremes.

Williams %R: -8.15

Bearish
Overbought levels may trigger correction.

Rate of Change (ROC): 28.22

Strongly Bullish
Strong upside momentum.

Takeaway:Shalimar Paints Ltd shows strong bullish momentum, with buyers firmly in control.

Trend & Volatility

MACD: 3.45

Bullish
Bullish, trend momentum is strengthening.

ADX: 23.06

Moderate
Moderate trend, direction gaining strength.

ATR (14): 4.57

Medium
Medium volatility, healthy price movement.

CCI (14): 120.51

Bearish Risk
Bearish risk, overbought levels suggest caution.

Takeaway:Shalimar Paints Ltd shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$68.02
Middle Band (SMA 20)
$55.25
Lower Band
$42.48
Current Position
Above Upper Band

Takeaway:Shalimar Paints Ltd trades near the upper band, signaling overbought conditions and risk of pullback.

Keltner Channels
Upper Channel
$66.37
Middle Line (EMA 20)
$57.24
Lower Channel
$48.10
Squeeze Status
No Squeeze

Takeaway:Shalimar Paints Ltd trades near the upper channel, signaling resistance and risk of pullback.

Volume & Money Flow Analysis
On-Balance Volume637.03K
Money Flow Index92.28Bearish risk, overbought conditions may trigger pullback.
Relative Vigor Index52.39Neutral to Bullish, buyers hold a slight edge.

Overall Takeaway:SHALPAINTS.BO shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Shalimar Paints Ltd (BSE: SHALPAINTS.BO), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

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:Shalimar Paints Ltd currently shows a Buy with caution signal — momentum and trend strength are positive, but price is close to resistance and may face short-term pullbacks.

(BSE: SHALPAINTS.BO) Technical Analysis FAQ