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Shalimar Paints Share Price Target - Tomorrow, Next Week & Next Month

Shalimar Paints Limited

Company LogoSymbol: SHALPAINTS
Price: ₹139.66
Exchange: NSE
Basic Materials -> Specialty Chemicals
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Shalimar Paints Recent Performance

Over the past 25 trading days, the value of Shalimar Paints's stock has decreased by ₹13.53 (-8.83%). On 27 May 2024, one share was worth ₹153.19 and by 01 Jul 2024, the value dropped to ₹139.66. During this period it created a highest high of ₹159.00 and lowest low of ₹134.19.

Below Image represents line chart of daily close price of Shalimar Paints, helping you visualize how the price has changed day by day.

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Shalimar Paints Recent Daily Close Chart

Chart: Shalimar Paints Share Price Target - Tomorrow

Shalimar Paints Targets For Tomorrow Chart

The line chart displays the Shalimar Paints daily closing prices for the past 25 trading days using a black line. The green line indicates the potential targets, while the red line shows the potential Stop-Loss (SL) levels.

For detailed target and stop loss values for Shalimar Paints shares for Mon 01 Jul 2024, see the table below.

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Table: Shalimar Paints Share Price Target - Tomorrow

By analyzing Shalimar Paints stock with today and past crucial price points and technical indicators we derived following targets for Tomorrow: Tue, 02 Jul, 2024!

Shalimar Paints's LevelsValueReason/Importance
Tomorrow Target 3144.49 (+3.45%)Price Action: Nov 2016 High
Tomorrow Target 2142.97 (+2.37%)Price Action: Jul 2024 High
Tomorrow Target 1141.55 (+1.35%)Price Action: 24 Jun 2024 Low
Current Price139.66Shalimar Paints's 1 share price as of Mon 01 Jul 2024
Stop Loss 1139.19 (-0.34%)Price Action: 25 Jun 2024 Low
Stop Loss 2138.67 (-0.71%)Fibonacci Retracement Level 78.6%
Stop Loss 3137.89 (-1.27%)Price Action: 05 Jun 2024 Low

Summary: Shalimar Paints Share Price Prediction For Tomorrow

Mon 01 Jul 2024: Shalimar Paints finished the day at ₹139.66, gaining ₹1.66 (+1.20%) in 1 day.

In summary, our analysis of Shalimar Paints for tomorrow predicts a rise of 1.35% to 3.45% with three potential targets T1: ₹141.55, T2: ₹142.97, T3: ₹144.49 and Stop-Loss (SL) at SL1: ₹139.19, SL2: ₹138.67, SL3: ₹137.89.

Additionally, we've identified a support level at ₹137.50 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹142.97, which is like a ceiling at which the price might have a hard time breaking through. These targets are based on our study of past trends and technical analysis using various indicators.

Over the last 25 trading days, the stock has dropped -8.83%, indicating it could be a good option for intra day trading as it has shown big price movements. During this period, its price fluctuated between 159.00 and 134.19.

After looking at tomorrow's share price prediction, let's now check what next week might hold for Shalimar Paints.

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Chart: Shalimar Paints Share Price Target - Next Week

Shalimar Paints Targets For Next Week Chart

The chart displays the Shalimar Paints weekly closing prices for the past 25 trading weeks using a black line. It also shows three targets using a green line, while the red line shows the potential Stop-Loss (SL) levels for next week.

For detailed target and stop loss values for Shalimar Paints shares for next week, see the table below.

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Table: Shalimar Paints Share Price Target - Next Week

By analyzing Shalimar Paints stock with today and past crucial price points and technical indicators we derived following targets for the next week!

Shalimar Paints's LevelsValueReason/Importance
Next Week Target 3145.19 (+3.95%)Price Action: 30 May 2024 Low
Next Week Target 2143.35 (+2.64%)Price Action: 21 Jun 2024 Low
Next Week Target 1141.91 (+1.61%)Custom Fibonacci Extension Lvl 23.6%
Current Price139.66Shalimar Paints's 1 share price as of Mon 01 Jul 2024
Stop Loss 1138.97 (-0.5%)Price Action: Chart
Stop Loss 2137.50 (-1.55%)Price Action: Jul 2024 Low
Stop Loss 3134.36 (-3.8%)Fibonacci Retracement Extended 28.2%

Summary: Shalimar Paints Share Price Prediction For Next Week

As of Mon 01 Jul 2024, Shalimar Paints share price stands at ₹139.66, gaining ₹1.66 (+1.20%) in this week.

In summary, our analysis of Shalimar Paints for next week predicts a rise of 1.61% to 3.95% with three potential targets T1: ₹141.91, T2: ₹143.35, T3: ₹145.19 and Stop-Loss (SL) at SL1: ₹138.97, SL2: ₹137.50, SL3: ₹134.36.

Additionally, we've identified a support level at ₹137.50 — think of this as a safety net where the price might stop falling and there's also a resistance level at ₹142.97, which is like a ceiling at which the price might have a hard time breaking through.

After looking at tomorrow's and next week's share price prediction, let's now check what next month might hold for Shalimar Paints.

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Chart: Shalimar Paints Share Price Target - Next Month

Shalimar Paints Targets For Next Month Chart

The chart displays the Shalimar Paints monthly closing prices for the past 25 months using a black line. It also shows three targets using green line, while the red line shows the potential Stop-Loss (SL) levels.

For detailed target and stop loss values for Shalimar Paints shares for next month, see the table below.

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Table: Shalimar Paints Share Price Target - Next Month

By analyzing Shalimar Paints stock with today and past crucial price points and technical indicators we derived following targets for Next Month!

Shalimar Paints's LevelsValueReason/Importance
Next Month Target 3147.50 (+5.61%)Price Action: 21 Jun 2024 High
Next Month Target 2146.00 (+4.53%)Price Action: Jun 2023 Low
Next Month Target 1144.49 (+3.45%)Price Action: Nov 2016 High
Current Price139.66Shalimar Paints's 1 share price as of Mon 01 Jul 2024
Stop Loss 1138.07 (-1.14%)Price Action: 26 Jun 2024 Low
Stop Loss 2136.58 (-2.21%)Price Action: Sep 2016 Low
Stop Loss 3134.54 (-3.67%)Fibonacci Retracement Level 98.6%

Summary: Shalimar Paints Share Price Prediction For Next Month

As of Mon 01 Jul 2024, Shalimar Paints share price stands at ₹139.66, gaining ₹1.66 (+1.20%) in this month.

In summary, our analysis of Shalimar Paints for next month predicts a rise of 3.45% to 5.61% with three potential targets T1: ₹144.49, T2: ₹146.00, T3: ₹147.50 and Stop-Loss (SL) at SL1: ₹138.07, SL2: ₹136.58, SL3: ₹134.54.

Additionally, we've identified a support level at 137.50 — think of this as a safety net where the price might stop falling and there's also a resistance level at 159.00, which is like a ceiling at which the price might have a hard time breaking through.

After looking at tomorrow's, next week's and next month's share price prediction, you might wonder what this year or next year might hold for Shalimar Paints, we created a specific page for that check here: Shalimar Paints Share Price target for 2024 and 2025

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As we wrap up, we hope you like our study on Shalimar Paints short term share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.

Show Methodology We Use

Methodology Behind the Prediction

The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.

We have historical share price data of all stocks for which we present targets, so we analyze historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.

For more insights into Shalimar Paints Limited, explore these additional resources:-

Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.

About The Author

Nippun

Hi, I’m Nippun, a tech enthusiast from Haryana, India. I have been coding since 2010 and using my coding skills in the share market since 2020. I have been coding scripts in Pinescript that work on Tradingview app/web. I love learning about new technology and applying it to solve real-world problems. Coding and share-market are my passions, and I enjoy finding and fixing bugs in code. I aim to share my skill set and experience that can positively impact society. Feel free to connect with me, and let’s learn from each other. My Twitter