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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 2025-04-30 View latest technical analysis

10 day averaged volume of Shalimar Paints is 114098

Date	Daily Closing Price	Open	High	Low	Volume
30 Wed Apr 2025	104.99	108.20	108.20	104.00	0.261 times
29 Tue Apr 2025	107.66	108.59	110.79	106.99	0.393 times
28 Mon Apr 2025	108.05	109.30	109.69	107.10	0.348 times
25 Fri Apr 2025	109.57	115.45	115.50	108.19	0.71 times
24 Thu Apr 2025	114.24	115.95	115.95	113.71	0.353 times
23 Wed Apr 2025	115.67	114.49	118.87	112.11	1.101 times
22 Tue Apr 2025	113.28	114.30	116.00	113.00	0.553 times
21 Mon Apr 2025	113.82	113.32	119.20	109.83	1.961 times
17 Thu Apr 2025	112.20	114.00	114.45	111.11	0.374 times
16 Wed Apr 2025	112.35	114.70	116.00	111.40	0.69 times

My analysis of stock is bearish for shortterm, and stock might move down till 101.5 or till 94.5. Use a stoploss of 107.29 and if the stock hits stoploss, then it can shoot up till 113.11

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	92.10
Downside Target	98.36
Downside Target	103.00
Upside Target	110.79
Upside Target	112.58
Upside Target	116.00
Upside Target	119.20
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	102.4
Downside Intraday Target	99.8
Upside Intraday Target	109.19
Upside Intraday Target	113.38
Upside Intraday Target	106.59

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Wed Apr 2025	104.99	109.30	110.79	104.00	0.214 times
25 Fri Apr 2025	109.57	113.32	119.20	108.19	1.021 times
17 Thu Apr 2025	112.20	107.02	116.00	106.80	0.541 times
11 Fri Apr 2025	107.33	98.00	111.65	92.10	2.067 times
04 Fri Apr 2025	101.94	99.45	106.01	99.01	0.324 times

Price has moved down 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
30 Wed Apr 2025	104.99	99.45	119.20	92.10	0.623 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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Shalimar Paints in short term and the sell signal is strong.

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 green color and prices are in or below the green 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 BUY signal in short term but buying 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 112.41 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.