Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-01-04 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 442931

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	332.75	335.95	341.80	331.35	0.606 times
03 Wed Jan 2024	335.10	324.80	342.00	324.80	1.556 times
02 Tue Jan 2024	324.90	324.80	332.60	320.00	1.536 times
01 Mon Jan 2024	320.35	329.80	335.50	315.00	1.973 times
29 Fri Dec 2023	330.30	349.00	350.50	328.00	2.066 times
28 Thu Dec 2023	348.75	361.00	362.30	348.00	0.58 times
27 Wed Dec 2023	359.60	356.10	363.60	356.10	0.347 times
26 Tue Dec 2023	355.65	362.00	364.30	348.55	0.481 times
22 Fri Dec 2023	362.00	366.00	367.65	357.80	0.232 times
21 Thu Dec 2023	364.35	356.90	367.60	346.70	0.686 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 338.6, but if it comes above 338.6, then a intra day buy could be more profitable.
If you take a sell trade below 338.6, then use 338.6 as stoploss and 318.2 as target. However if you take a buy trade in stock , then use 338.6 as stoploss and 355.67 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	296.80
Downside Target	315.00
Downside Target	328.00
Upside Target	342.00
Upside Target	364.30
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	317.83
Downside Intraday Target	302.92
Upside Intraday Target	344.83
Upside Intraday Target	356.92
Downside Intraday Target	329.92

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	332.75	329.80	342.00	315.00	1.632 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Monthly Closing Price	Open	High	Low	Volume
04 Thu Jan 2024	332.75	329.80	342.00	315.00	0.408 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 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 Shilpa Medicare (SHILPAMED)

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) 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 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 losing 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Shilpa Medicare in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 Shilpa Medicare is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 334.75 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.