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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 2025-05-02 View latest technical analysis

10 day averaged volume of Shalimar Paints is 76950

Date	Daily Closing Price	Open	High	Low	Volume
02 Fri May 2025	102.57	104.99	107.00	101.10	1.179 times
30 Wed Apr 2025	104.99	108.20	108.20	104.00	0.387 times
29 Tue Apr 2025	107.66	108.59	110.79	106.99	0.583 times
28 Mon Apr 2025	108.05	109.30	109.69	107.10	0.515 times
25 Fri Apr 2025	109.57	115.45	115.50	108.19	1.052 times
24 Thu Apr 2025	114.24	115.95	115.95	113.71	0.524 times
23 Wed Apr 2025	115.67	114.49	118.87	112.11	1.632 times
22 Tue Apr 2025	113.28	114.30	116.00	113.00	0.82 times
21 Mon Apr 2025	113.82	113.32	119.20	109.83	2.908 times
17 Thu Apr 2025	112.20	114.00	114.45	111.11	0.554 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 101.9 as stoploss in an intra day buy trade for a target of 107.48. However, stock will show a bearish move below 101.9.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	92.10
Downside Target	98.36
Upside Target	106.01
Upside Target	110.79
Upside Target	111.65
Upside Target	112.58
Upside Target	116.00
Upside Target	119.20
Upside Target	121.04
Upside Target	141.13
Upside Target	144.00

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	98.85
Downside Intraday Target	95.13
Upside Intraday Target	108.54
Upside Intraday Target	114.51
Upside Intraday Target	104.82

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Fri May 2025	102.57	109.30	110.79	101.10	0.384 times
25 Fri Apr 2025	109.57	113.32	119.20	108.19	1.021 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

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
02 Fri May 2025	102.57	104.99	107.00	101.10	0.035 times
30 Wed Apr 2025	104.99	99.45	119.20	92.10	0.623 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

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 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 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 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 getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 111.28 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.