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(ShalimarWir) Shalimar Wir complete technical analysis [charts+indicators] | Buy/Sell Shalimar Wir | (ShalimarWir) share price targets

Complete technical analysis of Shalimar Wir (ShalimarWir) by charts plus indicators, forecast predictions and share price targets for Shalimar Wir (ShalimarWir)

10 day averaged volume of Shalimar Wir is 5976

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 22.11 22.99 23.40 21.50 1.816 times
15 Wed May 2024 22.39 23.00 23.74 22.05 0.709 times
14 Tue May 2024 22.80 23.00 23.82 21.67 0.987 times
13 Mon May 2024 22.69 22.25 22.75 22.01 0.17 times
10 Fri May 2024 22.70 22.77 23.25 22.01 0.603 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.6, but if it comes above 22.6, then a intra day buy could be more profitable.
If you take a sell trade below 22.6, then use 22.6 as stoploss and 21.6 as target. However if you take a buy trade in stock , then use 22.6 as stoploss and 23.37 as target.

Share price targets for Shalimar Wir (ShalimarWir)

Target Type Value
Downside Target 19.70
Downside Target 21.32
Upside Target 23.00
Upside Target 23.82
Upside Target 24.47
Upside Target 24.93
Upside Target 24.98
Upside Target 25.33
Upside Target 25.45
Upside Target 26.95
Upside Target 27.70
Upside Target 29.89

Intraday share price targets for Shalimar Wir (ShalimarWir)

Target Type Value
Downside Intraday Target 21.13
Downside Intraday Target 20.16
Upside Intraday Target 23.45
Upside Intraday Target 24.8
Upside Intraday Target 22.48

Weekly technical analysis of Shalimar Wir (ShalimarWir)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 22.11 22.25 23.82 21.50 0.678 times
10 Fri May 2024 22.70 23.40 24.47 22.01 0.997 times
03 Fri May 2024 23.58 24.98 24.98 23.26 0.76 times
26 Fri Apr 2024 23.97 22.47 25.33 21.90 1.743 times
19 Fri Apr 2024 22.47 24.77 24.93 21.80 1.6 times

Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Shalimar Wir (ShalimarWir)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 22.11 24.49 24.84 21.50 0.385 times
30 Tue Apr 2024 24.12 21.32 26.95 21.32 0.92 times
28 Thu Mar 2024 20.90 25.00 25.45 19.70 0.394 times
29 Thu Feb 2024 23.57 27.48 29.89 23.00 1.54 times

Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Shalimar Wir (ShalimarWir)

Indicator Name Indicator Value Indicator Signal
ADX 12, 16, 14 Sell
MACD -1, -0Sell
Stochastics 26Sell
CCI -109Sell
RSI 58Buy
OBV -47886Sell
VWAP 23Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Shalimar Wir ( (ShalimarWir) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shalimar Wir ( (ShalimarWir) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shalimar Wir ( (ShalimarWir) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shalimar Wir ( (ShalimarWir) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Shalimar Wir stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Shalimar Wir in short term and the sell signal is strong.

Shalimar Wir Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Shalimar Wir in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shalimar Wir is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.89 and Shalimar Wir (ShalimarWir) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Shalimar Wir (ShalimarWir) stock. Volume based technical analysis of Shalimar Wir (ShalimarWir) stock is negative.

Shalimar Wir Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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