Is Shalimar Paints technically bullish or bearish?
As of September 18, 2025, the trend is mildly bearish due to bearish momentum indicated by the weekly MACD and KST, despite some bullish strength in the weekly RSI, while longer-term underperformance reinforces the overall bearish sentiment.
As of 18 September 2025, the technical trend has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the weekly MACD and KST both indicating bearish momentum, while the daily moving averages also reflect a mildly bearish outlook. The weekly RSI shows bullish strength, but the overall monthly indicators, including the Bollinger Bands and Dow Theory, suggest a lack of strong bullish momentum. The stock has experienced significant underperformance over the longer term, particularly in the 1Y and 3Y periods, further supporting the bearish sentiment.
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