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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 2025-03-25 View latest technical analysis

10 day averaged volume of Shalimar Paints is 227953

Date	Daily Closing Price	Open	High	Low	Volume
25 Tue Mar 2025	104.48	109.90	110.45	104.00	0.963 times
24 Mon Mar 2025	108.65	108.40	110.81	108.00	0.997 times
21 Fri Mar 2025	107.34	106.70	109.00	105.56	0.843 times
20 Thu Mar 2025	106.70	107.55	112.08	104.14	1.115 times
19 Wed Mar 2025	106.34	104.00	108.60	103.41	0.95 times
18 Tue Mar 2025	102.77	103.94	106.50	100.23	1.636 times
17 Mon Mar 2025	103.94	107.00	107.05	103.00	0.499 times
13 Thu Mar 2025	105.82	104.48	106.89	103.92	1.001 times
12 Wed Mar 2025	104.12	105.00	106.58	102.40	0.744 times
11 Tue Mar 2025	104.96	108.50	108.83	104.77	0.375 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 104.2 as stoploss in an intra day buy trade for a target of 106.69. However, stock will show a bearish move below 104.2.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	97.00
Downside Target	100.23
Upside Target	110.81
Upside Target	112.58
Upside Target	115.80
Upside Target	121.04
Upside Target	123.00
Upside Target	137.00
Upside Target	141.13
Upside Target	144.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	102.05
Downside Intraday Target	99.62
Upside Intraday Target	108.86
Upside Intraday Target	113.24
Upside Intraday Target	106.43

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Tue Mar 2025	104.48	108.40	110.81	104.00	0.389 times
21 Fri Mar 2025	107.34	107.00	112.08	100.23	1.273 times
13 Thu Mar 2025	105.82	111.10	112.40	102.40	1.313 times
07 Fri Mar 2025	110.98	110.05	112.58	102.52	0.903 times
28 Fri Feb 2025	107.83	109.35	115.80	100.49	0.72 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
25 Tue Mar 2025	104.48	110.05	112.58	100.23	0.944 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 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 short 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.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is gaining momentum.

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

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

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. Bulls are getting tired and bears 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 but SELL signal is weak.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 105.47 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.