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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 2025-03-05 View latest technical analysis

10 day averaged volume of Shalimar Paints is 200763

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Mar 2025	106.76	105.00	108.49	105.00	0.448 times
04 Tue Mar 2025	105.10	105.00	106.46	102.52	0.472 times
03 Mon Mar 2025	103.92	110.05	111.81	103.00	1.193 times
28 Fri Feb 2025	107.83	104.44	111.04	100.49	1.446 times
27 Thu Feb 2025	104.96	110.00	110.68	103.42	0.551 times
25 Tue Feb 2025	109.46	112.79	114.21	108.10	0.522 times
24 Mon Feb 2025	112.79	109.35	115.80	106.61	1.273 times
21 Fri Feb 2025	108.02	111.90	113.00	107.41	0.783 times
20 Thu Feb 2025	110.42	111.01	113.80	109.71	0.83 times
19 Wed Feb 2025	110.27	109.00	115.00	108.43	0.821 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 105.8 as stoploss in an intra day buy trade for a target of 117.06. However, stock will show a bearish move below 105.8.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.49
Downside Target	102.52
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	141.13
Upside Target	144.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	102.25
Downside Intraday Target	97.74
Upside Intraday Target	111.54
Upside Intraday Target	116.32
Upside Intraday Target	107.03

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Mar 2025	106.76	110.05	111.81	102.52	0.557 times
28 Fri Feb 2025	107.83	109.35	115.80	100.49	0.72 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

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
05 Wed Mar 2025	106.76	110.05	111.81	102.52	0.126 times
28 Fri Feb 2025	107.83	131.25	141.13	100.49	0.889 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

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

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

Although the stock is in the SELL zone, but selling 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 108.24 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.