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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 2024-01-12 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 523827

Date	Daily Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	329.70	325.05	331.80	324.05	0.666 times
11 Thu Jan 2024	325.05	321.85	332.60	321.00	0.901 times
10 Wed Jan 2024	320.00	321.25	322.00	313.15	0.711 times
09 Tue Jan 2024	318.95	323.95	326.85	318.00	0.642 times
08 Mon Jan 2024	320.75	329.00	329.90	319.50	0.695 times
05 Fri Jan 2024	328.75	335.40	335.70	326.15	0.51 times
04 Thu Jan 2024	332.75	335.95	341.80	331.35	0.512 times
03 Wed Jan 2024	335.10	324.80	342.00	324.80	1.315 times
02 Tue Jan 2024	324.90	324.80	332.60	320.00	1.299 times
01 Mon Jan 2024	320.35	329.80	335.50	315.00	1.668 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 323.4 as stoploss in an intra day buy trade for a target of 341.84. However, stock will show a bearish move below 323.4.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	296.80
Downside Target	313.15
Downside Target	328.00
Upside Target	342.00
Upside Target	353.00
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	317.7
Downside Intraday Target	305.7
Upside Intraday Target	337.15
Upside Intraday Target	344.6
Downside Intraday Target	325.15

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Fri Jan 2024	329.70	329.00	332.60	313.15	0.682 times
05 Fri Jan 2024	328.75	329.80	342.00	315.00	1.806 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

Price has moved up 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
12 Fri Jan 2024	329.70	329.80	342.00	313.15	0.76 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 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 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 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Shilpa Medicare 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. 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 moving up

CCI has generated a buy signal for Shilpa Medicare 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 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 325.46 and Shilpa Medicare (SHILPAMED) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.