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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 2025-02-11 View latest technical analysis

10 day averaged volume of Shalimar Paints is 129438

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Feb 2025	126.12	131.20	132.64	123.20	1.942 times
10 Mon Feb 2025	134.20	135.62	138.50	130.80	1.199 times
07 Fri Feb 2025	135.62	133.10	137.77	133.10	0.368 times
06 Thu Feb 2025	135.13	136.00	139.00	134.00	0.63 times
05 Wed Feb 2025	139.02	136.97	141.13	135.36	0.94 times
04 Tue Feb 2025	136.43	139.95	139.95	133.80	0.461 times
03 Mon Feb 2025	138.10	131.25	139.16	131.25	0.678 times
31 Fri Jan 2025	139.21	135.46	144.00	134.91	2.211 times
30 Thu Jan 2025	135.18	135.80	138.84	134.05	0.794 times
29 Wed Jan 2025	135.46	124.50	136.74	124.38	1.178 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 128.5, but if it comes above 128.5, then a intra day buy could be more profitable.
If you take a sell trade below 128.5, then use 128.5 as stoploss and 123.4 as target. However if you take a buy trade in stock , then use 128.5 as stoploss and 132.76 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.99
Downside Target	121.04
Upside Target	131.25
Upside Target	135.12
Upside Target	138.50
Upside Target	139.99
Upside Target	140.50
Upside Target	141.13
Upside Target	144.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	120.05
Downside Intraday Target	113.97
Upside Intraday Target	135.35
Upside Intraday Target	144.57
Upside Intraday Target	129.27

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Feb 2025	126.12	135.62	138.50	123.20	1.021 times
07 Fri Feb 2025	135.62	131.25	141.13	131.25	0.485 times
31 Fri Jan 2025	139.21	133.40	144.00	122.25	1.214 times
24 Fri Jan 2025	131.98	132.78	135.12	124.44	0.455 times
17 Fri Jan 2025	132.51	130.24	140.50	125.50	2.383 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
11 Tue Feb 2025	126.12	131.25	141.13	123.20	0.212 times
31 Fri Jan 2025	139.21	126.00	144.00	121.04	0.8 times
31 Tue Dec 2024	125.92	105.00	137.00	103.00	2.459 times
29 Fri Nov 2024	107.16	113.98	123.00	97.00	0.609 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a mid to longer 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.

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 but the sell signal is initial and weak.

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 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

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 134.87 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 is giving positive 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.