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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 2025-05-06 View latest technical analysis

10 day averaged volume of Shalimar Paints is 80365

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue May 2025	100.13	103.20	104.48	99.10	0.932 times
05 Mon May 2025	103.37	102.89	105.81	102.67	0.806 times
02 Fri May 2025	102.57	104.99	107.00	101.10	1.129 times
30 Wed Apr 2025	104.99	108.20	108.20	104.00	0.371 times
29 Tue Apr 2025	107.66	108.59	110.79	106.99	0.558 times
28 Mon Apr 2025	108.05	109.30	109.69	107.10	0.493 times
25 Fri Apr 2025	109.57	115.45	115.50	108.19	1.007 times
24 Thu Apr 2025	114.24	115.95	115.95	113.71	0.502 times
23 Wed Apr 2025	115.67	114.49	118.87	112.11	1.563 times
22 Tue Apr 2025	113.28	114.30	116.00	113.00	0.785 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 101.8, but if it comes above 101.8, then a intra day buy could be more profitable.
If you take a sell trade below 101.8, then use 101.8 as stoploss and 95 as target. However if you take a buy trade in stock , then use 101.8 as stoploss and 107.43 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	92.10
Downside Target	98.36
Upside Target	105.81
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	97.55
Downside Intraday Target	94.97
Upside Intraday Target	104.26
Upside Intraday Target	108.39
Upside Intraday Target	101.68

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue May 2025	100.13	102.89	105.81	99.10	0.682 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
11 Fri Apr 2025	107.33	98.00	111.65	92.10	2.067 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
06 Tue May 2025	100.13	104.99	107.00	99.10	0.088 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 Strong 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 red color and prices are below the red 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 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 108.29 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.