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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 2025-06-03 View latest technical analysis

10 day averaged volume of Shalimar Paints is 187591

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Jun 2025	98.89	100.45	100.45	98.62	0.369 times
02 Mon Jun 2025	99.79	100.45	100.55	98.66	0.887 times
30 Fri May 2025	99.93	100.70	101.52	99.50	0.548 times
29 Thu May 2025	100.32	101.23	102.13	99.90	0.707 times
28 Wed May 2025	101.23	102.53	103.08	100.80	0.369 times
27 Tue May 2025	102.28	103.20	103.20	101.00	0.649 times
26 Mon May 2025	103.59	103.32	104.94	101.35	1.483 times
23 Fri May 2025	102.78	100.80	103.56	99.99	0.594 times
22 Thu May 2025	100.68	100.00	105.10	99.95	1.903 times
21 Wed May 2025	100.97	102.00	106.10	99.40	2.502 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 99.1, but if it comes above 99.1, then a intra day buy could be more profitable.
If you take a sell trade below 99.1, then use 99.1 as stoploss and 96.9 as target. However if you take a buy trade in stock , then use 99.1 as stoploss and 100.98 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	92.10
Downside Target	95.50
Downside Target	98.36
Upside Target	104.94
Upside Target	105.81
Upside Target	106.00
Upside Target	106.10
Upside Target	107.00
Upside Target	112.58
Upside Target	119.20
Upside Target	141.13

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	98.16
Downside Intraday Target	97.42
Upside Intraday Target	100.09
Upside Intraday Target	101.28
Upside Intraday Target	99.35

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Jun 2025	98.89	100.45	100.55	98.62	0.335 times
30 Fri May 2025	99.93	103.32	104.94	99.50	0.644 times
23 Fri May 2025	102.78	102.03	106.10	99.40	1.58 times
16 Fri May 2025	102.03	103.00	106.00	100.10	2.161 times
09 Fri May 2025	96.69	102.89	105.81	95.50	1.562 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
03 Tue Jun 2025	98.89	100.45	100.55	98.62	0.081 times
30 Fri May 2025	99.93	104.99	107.00	95.50	1.114 times
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

Scroll below to view daily charts

Price has moved down 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 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 gaining 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 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 101.22 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.