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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 2025-02-13 View latest technical analysis

10 day averaged volume of Shalimar Paints is 135408

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	123.44	118.75	126.20	118.75	1.837 times
12 Wed Feb 2025	118.75	124.90	126.87	117.35	1.184 times
11 Tue Feb 2025	126.12	131.20	132.64	123.20	1.857 times
10 Mon Feb 2025	134.20	135.62	138.50	130.80	1.146 times
07 Fri Feb 2025	135.62	133.10	137.77	133.10	0.352 times
06 Thu Feb 2025	135.13	136.00	139.00	134.00	0.603 times
05 Wed Feb 2025	139.02	136.97	141.13	135.36	0.898 times
04 Tue Feb 2025	136.43	139.95	139.95	133.80	0.44 times
03 Mon Feb 2025	138.10	131.25	139.16	131.25	0.648 times
31 Fri Jan 2025	139.21	135.46	144.00	134.91	2.113 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 126.3, but if it comes above 126.3, then a intra day buy could be more profitable.
If you take a sell trade below 126.3, then use 126.3 as stoploss and 119.8 as target. However if you take a buy trade in stock , then use 126.3 as stoploss and 131.78 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.99
Downside Target	117.35
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	114.36
Downside Intraday Target	105.28
Upside Intraday Target	135.51
Upside Intraday Target	147.58
Upside Intraday Target	126.43

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Feb 2025	123.44	135.62	138.50	117.35	2.048 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, 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
13 Thu Feb 2025	123.44	131.25	141.13	117.35	0.32 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 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 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 Strong and stock is losing momentum.

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

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 moving up

CCI has generated a buy signal for Shalimar Paints in short term but BUY signal is weak.

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

Although the stock is in the BUY zone, but buying 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 131.17 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.