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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 2025-04-22 View latest technical analysis

10 day averaged volume of Shalimar Paints is 182106

Date	Daily Closing Price	Open	High	Low	Volume
22 Tue Apr 2025	113.28	114.30	116.00	113.00	0.347 times
21 Mon Apr 2025	113.82	113.32	119.20	109.83	1.229 times
17 Thu Apr 2025	112.20	114.00	114.45	111.11	0.234 times
16 Wed Apr 2025	112.35	114.70	116.00	111.40	0.432 times
15 Tue Apr 2025	114.08	107.02	115.10	106.80	2.204 times
11 Fri Apr 2025	107.33	109.67	110.87	106.66	0.505 times
09 Wed Apr 2025	107.52	107.82	111.65	102.77	2.305 times
08 Tue Apr 2025	103.30	96.50	103.30	96.50	1.065 times
07 Mon Apr 2025	93.91	98.00	98.24	92.10	1.431 times
04 Fri Apr 2025	101.94	104.65	105.00	100.00	0.342 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 111.2, but if it comes below 111.2, then a intra day sell could be more profitable.
If you take a sell trade below 111.2, then use 111.2 as stoploss and 105.6 as target. However if you take a buy trade in stock , then use 111.2 as stoploss and 117.8 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	92.10
Downside Target	98.36
Downside Target	103.00
Downside Target	106.01
Downside Target	109.83
Upside Target	116.00
Upside Target	119.20
Upside Target	121.04
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	109.01
Downside Intraday Target	104.73
Upside Intraday Target	118.38
Upside Intraday Target	123.47
Upside Intraday Target	114.1

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Tue Apr 2025	113.28	113.32	119.20	109.83	0.549 times
17 Thu Apr 2025	112.20	107.02	116.00	106.80	0.541 times
11 Fri Apr 2025	107.33	98.00	111.65	92.10	2.067 times
04 Fri Apr 2025	101.94	99.45	106.01	99.01	0.324 times
28 Fri Mar 2025	98.71	108.40	110.81	98.36	1.255 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
22 Tue Apr 2025	113.28	99.45	119.20	92.10	0.536 times
28 Fri Mar 2025	98.71	110.05	112.58	98.36	1.239 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

Scroll below to view daily charts

Price has moved up 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 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 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shalimar Paints in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above 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 BUY signal in short term and the buying is gaining 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 107.66 and Shalimar Paints (SHALPAINTS) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.