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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 2025-02-25 View latest technical analysis

10 day averaged volume of Shalimar Paints is 231665

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Feb 2025	109.46	112.79	114.21	108.10	0.452 times
24 Mon Feb 2025	112.79	109.35	115.80	106.61	1.104 times
21 Fri Feb 2025	108.02	111.90	113.00	107.41	0.678 times
20 Thu Feb 2025	110.42	111.01	113.80	109.71	0.719 times
19 Wed Feb 2025	110.27	109.00	115.00	108.43	0.712 times
18 Tue Feb 2025	109.35	122.50	122.91	108.68	1.827 times
17 Mon Feb 2025	120.76	117.50	124.90	113.60	0.628 times
14 Fri Feb 2025	119.23	121.10	126.60	111.09	1.48 times
13 Thu Feb 2025	123.44	118.75	126.20	118.75	1.074 times
12 Wed Feb 2025	118.75	124.90	126.87	117.35	0.692 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 113.3, but if it comes above 113.3, then a intra day buy could be more profitable.
If you take a sell trade below 113.3, then use 113.3 as stoploss and 99.5 as target. However if you take a buy trade in stock , then use 113.3 as stoploss and 124.85 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.99
Downside Target	106.61
Upside Target	111.09
Upside Target	115.80
Upside Target	121.04
Upside Target	131.25
Upside Target	137.00
Upside Target	138.50
Upside Target	139.99
Upside Target	141.13
Upside Target	144.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	105.45
Downside Intraday Target	101.43
Upside Intraday Target	114.64
Upside Intraday Target	119.81
Upside Intraday Target	110.62

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Feb 2025	109.46	109.35	115.80	106.61	0.341 times
21 Fri Feb 2025	108.02	117.50	124.90	107.41	0.913 times
14 Fri Feb 2025	119.23	135.62	138.50	111.09	2.91 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

Price has moved up 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
25 Tue Feb 2025	109.46	131.25	141.13	106.61	0.784 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 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 Strong 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 weakening, and bulls are picking up momentum!

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 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 114.45 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.