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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 2025-04-09 View latest technical analysis

10 day averaged volume of Shalimar Paints is 213661

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Apr 2025	107.52	107.82	111.65	102.77	1.965 times
08 Tue Apr 2025	103.30	96.50	103.30	96.50	0.907 times
07 Mon Apr 2025	93.91	98.00	98.24	92.10	1.22 times
04 Fri Apr 2025	101.94	104.65	105.00	100.00	0.291 times
03 Thu Apr 2025	102.66	100.50	103.89	100.45	0.216 times
02 Wed Apr 2025	100.97	102.01	103.45	100.75	0.636 times
01 Tue Apr 2025	103.57	99.45	106.01	99.01	1.044 times
28 Fri Mar 2025	98.71	101.00	102.29	98.50	1.009 times
27 Thu Mar 2025	99.85	99.50	103.18	98.36	1.987 times
26 Wed Mar 2025	99.27	104.55	105.66	98.50	1.662 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 106.8, but if it comes below 106.8, then a intra day sell could be more profitable.
If you take a sell trade below 106.8, then use 106.8 as stoploss and 103.34 as target. However if you take a buy trade in stock , then use 106.8 as stoploss and 111 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	92.10
Downside Target	98.36
Downside Target	106.01
Upside Target	110.81
Upside Target	111.65
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	95.86
Downside Intraday Target	84.21
Upside Intraday Target	115.41
Upside Intraday Target	123.31
Downside Intraday Target	103.76

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Apr 2025	107.52	98.00	111.65	92.10	1.871 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Wed Apr 2025	107.52	99.45	111.65	92.10	0.321 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Shalimar Paints in short term and BUY 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 101.19 and Shalimar Paints (SHALPAINTS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.