SHALIMAR PAINTS TARGET 159.90SHALIMAR PAINTS under weekly trend breakout. Under bullish mode. Target 159.90
SHALPAINTS trade ideas
POSSIBLE SWING TRADING | LONG | R:R 1:2 |Plan your trade according to your risk management.
This is not a call, purely for educational purpose.
SHAL PAINTS - Swing Trade🔴DISCLAIMER
***** It's just for an educational purpose and so you must also follow your own technical analysis before taking up the trade ******
Aggressive traders enter at the breakout and conservative traders may give entry after retracement (Retracement is optional, we cannot expect every stock to take a retest after the breakout, it may also continue to have its bullish pressure after the breakout)
After reaching our targets, trail your stop loss to get maximum profit from the stock in a single trade
Shalimar Paints LimitedTriangle breakout with high volume and Bullish MACD crossover in Shalimar Paints Limited
Shalimar Paints - Long ideaTechnically looking excellent. Breakout with volumes. Only drawback is fundamental wise, as company is PAT Negative.
Disc: only for learning purpose. Not a recommendation.
SHALPAINTS - Price and Trend SetupStock rising along rising weekly trendline and testing previously created resistance points. 119 and 136 is strong resistance coming up for stock.
#SHALIMAR PAINTSBuying range would be 105- 110
Tgts 132 , 140 , 161
SL 101 CLB
In long term may test levels of 230 , 400 ++
Just a view ...before doing any kind of investment consult your financial advisor.
SHALIMAR PAINTS - BULL FLAG PATTERN 1. Price pull back near 21SMA after recent run up.
2. Price within Bull Flag pattern now.
3.Uptrend continues if price BO upper trendline.
SHALIMAR PAINTS looking very strong on charts#Chartoftheweek
SHALIMAR PAINTS looking strong on charts
Could be a good buy candidate for this week if sustain above 120
Keep eye on it
DISCLAIMER
( Educational Purpose )
All investments involve risk.
Please Do your analysis before initiating Any trade
Good luck !
Shalimar Paints -Bullish - Inverted Head and ShoulderInverted Head and Shoulder in Shalimar Paints. Seems promising once the price breaks out of the supply zone. Trade at a bullish confirmation candle at a retest of the current supply zone.
shalpaint - Falling wedge breakoutPrice forming a falling wedge pattern and it just breaks out in the last session and it couldn't hold the move and almost went 50% down.
One can expect the price to move up smoothly from now.
03 Years Consolidations BreakoutSelf Explanatory Chart Setup .
Only one negative is Loss making company .
SHALPAINTS : LONG VIEWSHALPAINTS : INVERSE HEAD & SHOULDER
Breakout possibility is high
TARGETS: 130/138/140+ SL: 90 CMP: 117.15
10-45 days view
SHALPAINTS (WEEKLY):- CMP 117.15 looks good for more upside :) SHALPAINTS (WEEKLY):- CMP 117.15 looks good for more upside :)
1)Multiweek Breakout :)
2) Volume spurts
SHALPAINTS SHALPAINTS (WEEKLY):- CMP 117.15 looks good for more upside :)
1)Multiweek Breakout :)
2)Volume spurts
Shalimar Paints 3yr Parallel Channel / 1.5yr Head & Shoulder BOSector on the move. The exceptionally high volume bars indicate this is gearing up for for a long run.
SL: Depending on your risk appetite: Below Weekly BO Candle / Below Daily BO Candle / 50% of Weekly BO candle / Below 20DMA
TGT: After a 10-15%+ vertical move, breakdown of 20MA on Hourly chart (on a daily close basis)
BUY GUIDANCE:
Never ever buy before 3PM. I have been burnt many many times.Try to buy between 3:15 - 3:30PM, later the better.
SELL GUIDANCE:
Selling in Profit:
Sell earlier in the session when the prices are higher, around 11AM.
Selling at SL:
Give your stock a chance to recover by end of session. If it doesn't recover, sell anywhere between 3:00 - 3:30PM.
Note: I reserve the right to be wrong.
For educational purposes only.
Shalimar Paints LongShalimar Paints Long
Took support at 200 dat EMA around 84-85
Weekly close at 1 month high with above average volume. its good sign of breakout.
We can wait for 1 positive closing for breakout confirmation
Buy at- 94
SL- 84 (on closing basis)
Target- 115, 130
Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
A pattern you would love to trade | S01e03A wedge pattern is a strong retracement after a big move .... always good to trade on such lvls when broken 50,100 and 200 demas.
SHALPAINTS - Risky betThe stock is about to breakout above 105
Buy above 105 on day closing for the target of 121
Shalimar Paints - BreakoutAmong India's oldest paint companies. Capex for this co is complete and then wont need any capex for the near future. The company is managed by an able management which includes part of the team from APL Apollo. Management has set a vision to take the turnover from approx 350cr - 1000cr over the next few years. Current market cap is barely 1%.
Technically the stock has broken out and key would be to see if it can sustain about 105 by the weeks close.
Volumes too have picked up significantly over the last few weeks.
Long at CMP with SL below 104.
Shalimar Paints Breakout CompletedShalimar Paints Breakout Completed. Time to trade long
*** Purely personal analysis ***
Investment in securities is subject to market risks. Kindly consult your financial advisor before investment
shlimar paints positive move shalimar paint gave a b/o near 85 it went up and retested 85 now expected to move up to next target of 95 100
depending on market.
good time to observe and invest
happy trading.
