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

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

Shalimar Paints trades in NSE in Furniture-Furnishing-Paints sector.

Showing technical analysis as on 2025-04-02 View latest technical analysis

10 day averaged volume of Shalimar Paints is 270084

Date	Daily Closing Price	Open	High	Low	Volume
02 Wed Apr 2025	100.97	102.01	103.45	100.75	0.503 times
01 Tue Apr 2025	103.57	99.45	106.01	99.01	0.826 times
28 Fri Mar 2025	98.71	101.00	102.29	98.50	0.798 times
27 Thu Mar 2025	99.85	99.50	103.18	98.36	1.572 times
26 Wed Mar 2025	99.27	104.55	105.66	98.50	1.315 times
25 Tue Mar 2025	104.48	109.90	110.45	104.00	0.813 times
24 Mon Mar 2025	108.65	108.40	110.81	108.00	0.842 times
21 Fri Mar 2025	107.34	106.70	109.00	105.56	0.712 times
20 Thu Mar 2025	106.70	107.55	112.08	104.14	0.941 times
19 Wed Mar 2025	106.34	104.00	108.60	103.41	0.801 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 101.6, but if it comes above 101.6, then a intra day buy could be more profitable.
If you take a sell trade below 101.6, then use 101.6 as stoploss and 97.7 as target. However if you take a buy trade in stock , then use 101.6 as stoploss and 104.86 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	98.36
Upside Target	106.01
Upside Target	110.81
Upside Target	112.08
Upside Target	112.40
Upside Target	112.58
Upside Target	121.04
Upside Target	137.00
Upside Target	141.13
Upside Target	144.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	97.98
Downside Intraday Target	95
Upside Intraday Target	104.98
Upside Intraday Target	109
Upside Intraday Target	102

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Wed Apr 2025	100.97	99.45	106.01	99.01	0.249 times
28 Fri Mar 2025	98.71	108.40	110.81	98.36	1.255 times
21 Fri Mar 2025	107.34	107.00	112.08	100.23	1.273 times
13 Thu Mar 2025	105.82	111.10	112.40	102.40	1.313 times
07 Fri Mar 2025	110.98	110.05	112.58	102.52	0.903 times

Price has moved up 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 Paints (SHALPAINTS)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Wed Apr 2025	100.97	99.45	106.01	99.01	0.086 times
28 Fri Mar 2025	98.71	110.05	112.58	98.36	1.239 times
28 Fri Feb 2025	107.83	131.25	141.13	100.49	0.889 times
31 Fri Jan 2025	139.21	126.00	144.00	121.04	0.8 times

Scroll below to view daily charts

Price has moved up 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 Paints (SHALPAINTS)

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) 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 Paints ( (SHALPAINTS) ) 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 Paints ( (SHALPAINTS) ) 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 Paints ( (SHALPAINTS) ) 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 Paints stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Shalimar Paints in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shalimar Paints Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Shalimar Paints is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 103.15 and Shalimar Paints (SHALPAINTS) 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 Paints (SHALPAINTS) stock. Volume based technical analysis of Shalimar Paints (SHALPAINTS) stock is negative.

Shalimar Paints 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.