SHALPAINTS technical summary

At ₹79.5, Shalimar Paints Ltd is trading 1.3% below its 50-day average of ₹80.59 and 27.9% above its 200-day average of ₹62.16. The 14-day RSI is 48.9, in the neutral range between 30 and 70. MACD is 0.34 against a signal line of 0.30, so the MACD line sits above its signal line. ADX(14) reads 13.3, a weak trend reading (below 20); ADX measures trend strength, not direction. The 52-week range is ₹35.21 to ₹95.95, with the price 73% of the way up it. Classic daily pivot levels from the 30 Oct 2026 session: pivot ₹80.61, resistance ₹82.66 and ₹84.46, support ₹78.81 and ₹76.76.