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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 2025-05-12 View latest technical analysis

10 day averaged volume of Shalimar Paints is 60615

Date	Daily Closing Price	Open	High	Low	Volume
12 Mon May 2025	101.56	103.00	103.00	100.29	1.485 times
09 Fri May 2025	96.69	96.00	97.91	95.50	0.907 times
08 Thu May 2025	98.10	101.00	101.82	97.26	0.937 times
07 Wed May 2025	99.98	100.12	101.19	98.12	1.132 times
06 Tue May 2025	100.13	103.20	104.48	99.10	1.236 times
05 Mon May 2025	103.37	102.89	105.81	102.67	1.069 times
02 Fri May 2025	102.57	104.99	107.00	101.10	1.497 times
30 Wed Apr 2025	104.99	108.20	108.20	104.00	0.492 times
29 Tue Apr 2025	107.66	108.59	110.79	106.99	0.74 times
28 Mon Apr 2025	108.05	109.30	109.69	107.10	0.654 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 101.3 as stoploss in an intra day buy trade for a target of 107.16. However, stock will show a bearish move below 101.3.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	92.10
Downside Target	95.50
Downside Target	98.36
Upside Target	105.81
Upside Target	110.79
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	100.23
Downside Intraday Target	98.91
Upside Intraday Target	102.94
Upside Intraday Target	104.33
Upside Intraday Target	101.62

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Mon May 2025	101.56	103.00	103.00	100.29	0.281 times
09 Fri May 2025	96.69	102.89	105.81	95.50	1.562 times
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

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
12 Mon May 2025	101.56	104.99	107.00	95.50	0.192 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 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 Weak 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 BUY signal in short term and the buying is gaining 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 101.82 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.