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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 2025-02-27 View latest technical analysis

10 day averaged volume of Shalimar Paints is 217000

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Feb 2025	104.96	110.00	110.68	103.42	0.51 times
25 Tue Feb 2025	109.46	112.79	114.21	108.10	0.483 times
24 Mon Feb 2025	112.79	109.35	115.80	106.61	1.178 times
21 Fri Feb 2025	108.02	111.90	113.00	107.41	0.724 times
20 Thu Feb 2025	110.42	111.01	113.80	109.71	0.767 times
19 Wed Feb 2025	110.27	109.00	115.00	108.43	0.76 times
18 Tue Feb 2025	109.35	122.50	122.91	108.68	1.951 times
17 Mon Feb 2025	120.76	117.50	124.90	113.60	0.671 times
14 Fri Feb 2025	119.23	121.10	126.60	111.09	1.581 times
13 Thu Feb 2025	123.44	118.75	126.20	118.75	1.146 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 111.3, but if it comes above 111.3, then a intra day buy could be more profitable.
If you take a sell trade below 111.3, then use 111.3 as stoploss and 96.8 as target. However if you take a buy trade in stock , then use 111.3 as stoploss and 123.32 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.99
Upside Target	107.41
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	100.32
Downside Intraday Target	95.68
Upside Intraday Target	112.7
Upside Intraday Target	120.44
Upside Intraday Target	108.06

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Feb 2025	104.96	109.35	115.80	103.42	0.446 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 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
27 Thu Feb 2025	104.96	131.25	141.13	103.42	0.813 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 and selling is picking up 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 113.63 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.