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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 2026-02-02 View latest technical analysis

10 day averaged volume of Shalimar Paints is 124517

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Feb 2026	60.46	61.96	62.64	59.70	1.377 times
01 Sun Feb 2026	61.96	61.10	63.36	61.10	0.312 times
30 Fri Jan 2026	61.10	63.66	63.95	60.25	1.616 times
29 Thu Jan 2026	63.66	64.08	65.56	63.10	0.395 times
28 Wed Jan 2026	64.84	64.00	65.93	63.80	0.33 times
27 Tue Jan 2026	64.12	59.40	66.00	59.39	1.854 times
23 Fri Jan 2026	59.87	66.50	68.91	58.01	1.831 times
22 Thu Jan 2026	65.03	64.79	67.00	63.50	1.368 times
21 Wed Jan 2026	65.12	66.20	68.64	63.25	1.274 times
20 Tue Jan 2026	67.22	68.99	68.99	67.20	0.588 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 62.7, but if it comes above 62.7, then a intra day buy could be more profitable.
If you take a sell trade below 62.7, then use 62.7 as stoploss and 57.9 as target. However if you take a buy trade in stock , then use 62.7 as stoploss and 66.76 as target.

Share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Target	54.50
Downside Target	58.01
Downside Target	59.39
Upside Target	63.36
Upside Target	65.66
Upside Target	70.13
Upside Target	71.50
Upside Target	76.45
Upside Target	76.80
Upside Target	76.90
Upside Target	79.00
Upside Target	88.47

Intraday share price targets for Shalimar Paints (SHALPAINTS)

Target Type	Value
Downside Intraday Target	58.99
Downside Intraday Target	57.51
Upside Intraday Target	62.65
Upside Intraday Target	64.83
Upside Intraday Target	61.17

Weekly technical analysis of Shalimar Paints (SHALPAINTS)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Feb 2026	60.46	61.10	63.36	59.70	0.402 times
30 Fri Jan 2026	61.10	59.40	66.00	59.39	0.764 times
23 Fri Jan 2026	59.87	69.99	70.13	58.01	1.955 times
16 Fri Jan 2026	69.35	68.61	71.50	66.11	0.522 times
09 Fri Jan 2026	68.60	76.20	76.45	68.05	0.456 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
02 Mon Feb 2026	60.46	61.10	63.36	59.70	0.063 times
30 Fri Jan 2026	61.10	61.81	76.90	58.01	1.558 times
31 Wed Dec 2025	61.65	66.99	67.27	54.50	1.229 times
28 Fri Nov 2025	66.79	78.31	79.00	65.66	0.723 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 62.84 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.