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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 2024-01-22 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 385501

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	331.50	337.15	338.55	329.10	0.379 times
19 Fri Jan 2024	332.70	333.60	338.90	327.00	1.383 times
18 Thu Jan 2024	329.95	329.60	330.95	319.85	1.653 times
17 Wed Jan 2024	329.60	332.00	332.00	327.40	0.563 times
16 Tue Jan 2024	329.25	329.45	331.90	327.00	0.675 times
15 Mon Jan 2024	329.45	329.95	332.20	324.15	0.815 times
12 Fri Jan 2024	329.70	325.05	331.80	324.05	0.906 times
11 Thu Jan 2024	325.05	321.85	332.60	321.00	1.224 times
10 Wed Jan 2024	320.00	321.25	322.00	313.15	0.966 times
09 Tue Jan 2024	318.95	323.95	326.85	318.00	0.873 times

My analysis of stock is bearish for shortterm, and stock might move down till 320.9 or till 307.9. Use a stoploss of 331.65 and if the stock hits stoploss, then it can shoot up till 342.44

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	344.95
Upside Target	347.50
Upside Target	364.30
Upside Target	366.50
Upside Target	382.00
Upside Target	391.35
Upside Target	397.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	327.55
Downside Intraday Target	323.6
Upside Intraday Target	337
Upside Intraday Target	342.5
Upside Intraday Target	333.05

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Jan 2024	331.50	337.15	338.55	329.10	0.075 times
19 Fri Jan 2024	332.70	329.95	338.90	319.85	1.036 times
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

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
22 Mon Jan 2024	331.50	329.80	342.00	313.15	1.102 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Shilpa Medicare 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.

Shilpa Medicare Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 buy signal for Shilpa Medicare in short term and BUY signal is strong.

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

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 327.61 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 rising upwards.

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 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.