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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 2025-06-09 View latest technical analysis

10 day averaged volume of Shalimar Paints is 140372

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Jun 2025	99.60	99.99	104.20	98.82	2.43 times
06 Fri Jun 2025	98.97	100.50	101.41	98.10	1.185 times
05 Thu Jun 2025	99.53	97.61	100.90	97.61	1.195 times
04 Wed Jun 2025	97.07	99.00	99.25	96.60	0.922 times
03 Tue Jun 2025	98.89	100.45	100.45	98.62	0.494 times
02 Mon Jun 2025	99.79	100.45	100.55	98.66	1.185 times
30 Fri May 2025	99.93	100.70	101.52	99.50	0.732 times
29 Thu May 2025	100.32	101.23	102.13	99.90	0.945 times
28 Wed May 2025	101.23	102.53	103.08	100.80	0.493 times
27 Tue May 2025	102.28	103.20	103.20	101.00	0.867 times

Stock of Shalimar Paints (SHALPAINTS) has showed a significant upmove. This could be a good time to enter in this stock!

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 99.2 as stoploss in an intra day buy trade for a target of 100.92. However, stock will show a bearish move below 99.2.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	92.10
Downside Target	95.50
Upside Target	104.20
Upside Target	104.94
Upside Target	106.00
Upside Target	106.10
Upside Target	107.00
Upside Target	112.58
Upside Target	119.20
Upside Target	141.13

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	97.55
Downside Intraday Target	95.49
Upside Intraday Target	102.93
Upside Intraday Target	106.25
Upside Intraday Target	100.87

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Jun 2025	99.60	99.99	104.20	98.82	0.488 times
06 Fri Jun 2025	98.97	100.45	101.41	96.60	0.992 times
30 Fri May 2025	99.93	103.32	104.94	99.50	0.644 times
23 Fri May 2025	102.78	102.03	106.10	99.40	1.58 times
16 Fri May 2025	102.03	103.00	106.00	100.10	2.161 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
09 Mon Jun 2025	99.60	100.45	104.20	96.60	0.359 times
30 Fri May 2025	99.93	104.99	107.00	95.50	1.114 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

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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Strong 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. 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 and BUY 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 99.67 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.