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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 2025-05-19 View latest technical analysis

10 day averaged volume of Shalimar Paints is 101212

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon May 2025	102.88	102.03	104.21	101.83	0.872 times
16 Fri May 2025	102.03	101.25	103.00	100.40	1.28 times
15 Thu May 2025	100.84	101.10	102.31	100.15	1.296 times
14 Wed May 2025	100.96	106.00	106.00	100.10	2.038 times
13 Tue May 2025	104.89	101.99	105.50	100.81	1.334 times
12 Mon May 2025	101.56	103.00	103.00	100.29	0.889 times
09 Fri May 2025	96.69	96.00	97.91	95.50	0.543 times
08 Thu May 2025	98.10	101.00	101.82	97.26	0.561 times
07 Wed May 2025	99.98	100.12	101.19	98.12	0.678 times
06 Tue May 2025	100.13	103.20	104.48	99.10	0.74 times

My analysis of stock is bearish for shortterm, and stock might move down till 99.5 or till 92.9. Use a stoploss of 105.06 and if the stock hits stoploss, then it can shoot up till 110.61

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	92.10
Downside Target	95.50
Downside Target	98.36
Upside Target	104.21
Upside Target	108.19
Upside Target	110.79
Upside Target	112.58
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	101.74
Downside Intraday Target	100.59
Upside Intraday Target	104.12
Upside Intraday Target	105.35
Upside Intraday Target	102.97

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon May 2025	102.88	102.03	104.21	101.83	0.128 times
16 Fri May 2025	102.03	103.00	106.00	100.10	2.161 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

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
19 Mon May 2025	102.88	104.99	107.00	95.50	0.457 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 term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 BUY. 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 stronger in this stock.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 101.3 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 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.