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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 2025-04-04 View latest technical analysis

10 day averaged volume of Shalimar Paints is 229367

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Apr 2025	101.94	104.65	105.00	100.00	0.271 times
03 Thu Apr 2025	102.66	100.50	103.89	100.45	0.201 times
02 Wed Apr 2025	100.97	102.01	103.45	100.75	0.593 times
01 Tue Apr 2025	103.57	99.45	106.01	99.01	0.972 times
28 Fri Mar 2025	98.71	101.00	102.29	98.50	0.94 times
27 Thu Mar 2025	99.85	99.50	103.18	98.36	1.851 times
26 Wed Mar 2025	99.27	104.55	105.66	98.50	1.549 times
25 Tue Mar 2025	104.48	109.90	110.45	104.00	0.957 times
24 Mon Mar 2025	108.65	108.40	110.81	108.00	0.991 times
21 Fri Mar 2025	107.34	106.70	109.00	105.56	0.838 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 101.2 as stoploss in an intra day buy trade for a target of 104.49. However, stock will show a bearish move below 101.2.

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	98.63
Downside Intraday Target	95.32
Upside Intraday Target	105.63
Upside Intraday Target	109.32
Upside Intraday Target	102.32

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Apr 2025	101.94	99.45	106.01	99.01	0.324 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
04 Fri Apr 2025	101.94	99.45	106.01	99.01	0.112 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 neutral. A longer time frame might give a better analysis.

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 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 getting stronger in this stock.

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

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 102.35 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.