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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 2025-06-12 View latest technical analysis

10 day averaged volume of Shalimar Paints is 152628

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Jun 2025	102.50	101.95	107.76	100.02	6.314 times
11 Wed Jun 2025	101.46	101.15	103.29	100.48	1.064 times
10 Tue Jun 2025	101.06	100.21	101.68	100.00	0.578 times
09 Mon Jun 2025	99.60	99.99	104.20	98.82	2.235 times
06 Fri Jun 2025	98.97	100.50	101.41	98.10	1.09 times
05 Thu Jun 2025	99.53	97.61	100.90	97.61	1.099 times
04 Wed Jun 2025	97.07	99.00	99.25	96.60	0.848 times
03 Tue Jun 2025	98.89	100.45	100.45	98.62	0.454 times
02 Mon Jun 2025	99.79	100.45	100.55	98.66	1.09 times
30 Fri May 2025	99.93	100.70	101.52	99.50	0.674 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 bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 102.4, but if it comes below 102.4, then a intra day sell could be more profitable.
If you take a sell trade below 102.4, then use 102.4 as stoploss and 100.84 as target. However if you take a buy trade in stock , then use 102.4 as stoploss and 104.3 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	92.10
Downside Target	95.50
Upside Target	104.94
Upside Target	106.00
Upside Target	106.10
Upside Target	107.00
Upside Target	107.76
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	98.29
Downside Intraday Target	94.09
Upside Intraday Target	107.23
Upside Intraday Target	111.97
Upside Intraday Target	103.03

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Jun 2025	102.50	99.99	107.76	98.82	2.225 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Monthly Closing Price	Open	High	Low	Volume
12 Thu Jun 2025	102.50	100.45	107.76	96.60	0.777 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 up 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shalimar Paints ( (SHALPAINTS) ) based on a short to mid 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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. 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

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 100.79 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 is giving positive 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.