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(SHILPAMED) Shilpa Medicare complete technical analysis [charts+indicators] | Buy/Sell Shilpa Medicare | (SHILPAMED) share price targets

Complete technical analysis of Shilpa Medicare (SHILPAMED) by charts plus indicators, forecast predictions and share price targets for Shilpa Medicare (SHILPAMED)

Shilpa Medicare trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-01-01 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 273433

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	320.35	329.80	335.50	315.00	3.196 times
29 Fri Dec 2023	330.30	349.00	350.50	328.00	3.347 times
28 Thu Dec 2023	348.75	361.00	362.30	348.00	0.939 times
27 Wed Dec 2023	359.60	356.10	363.60	356.10	0.562 times
26 Tue Dec 2023	355.65	362.00	364.30	348.55	0.779 times
22 Fri Dec 2023	362.00	366.00	367.65	357.80	0.376 times
21 Thu Dec 2023	364.35	356.90	367.60	346.70	1.111 times
20 Wed Dec 2023	357.00	370.50	372.15	353.10	0.881 times
19 Tue Dec 2023	370.45	366.90	374.80	362.95	0.94 times
18 Mon Dec 2023	364.00	370.95	372.00	363.00	0.61 times

Stock of Shilpa Medicare (SHILPAMED) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 330.7, for a target of 347.5 or 361.52

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	296.80
Downside Target	315.00
Upside Target	328.00
Upside Target	335.50
Upside Target	344.95
Upside Target	366.50
Upside Target	374.80
Upside Target	382.00
Upside Target	387.20
Upside Target	391.35
Upside Target	397.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	311.73
Downside Intraday Target	303.12
Upside Intraday Target	332.23
Upside Intraday Target	344.12
Upside Intraday Target	323.62

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	320.35	329.80	335.50	315.00	0.568 times
29 Fri Dec 2023	330.30	362.00	364.30	328.00	1.436 times
22 Fri Dec 2023	362.00	370.95	374.80	346.70	0.616 times
15 Fri Dec 2023	368.45	368.00	387.20	353.00	1.042 times
08 Fri Dec 2023	366.65	359.10	391.35	359.10	2.19 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 Shilpa Medicare (SHILPAMED)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	320.35	329.80	335.50	315.00	0.142 times
29 Fri Dec 2023	330.30	367.40	391.35	328.00	0.727 times
30 Thu Nov 2023	365.40	353.60	397.00	347.50	1.875 times
31 Tue Oct 2023	354.05	361.00	366.50	296.80	0.987 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 Shilpa Medicare (SHILPAMED)

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) 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 Shilpa Medicare ( (SHILPAMED) ) 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 Shilpa Medicare ( (SHILPAMED) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Shilpa Medicare stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Shilpa Medicare in short term and the sell signal is strong.

Shilpa Medicare 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 Shilpa Medicare 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

Stock of Shilpa Medicare is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 342.33 and Shilpa Medicare (SHILPAMED) 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 Shilpa Medicare (SHILPAMED) stock. Volume based technical analysis of Shilpa Medicare (SHILPAMED) stock is negative.

Shilpa Medicare 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.