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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 2024-01-24 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 346448

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	321.00	325.30	326.20	318.35	0.342 times
23 Tue Jan 2024	322.85	331.50	333.50	320.60	0.472 times
22 Mon Jan 2024	331.50	337.15	338.55	329.10	0.422 times
19 Fri Jan 2024	332.70	333.60	338.90	327.00	1.538 times
18 Thu Jan 2024	329.95	329.60	330.95	319.85	1.84 times
17 Wed Jan 2024	329.60	332.00	332.00	327.40	0.626 times
16 Tue Jan 2024	329.25	329.45	331.90	327.00	0.751 times
15 Mon Jan 2024	329.45	329.95	332.20	324.15	0.906 times
12 Fri Jan 2024	329.70	325.05	331.80	324.05	1.008 times
11 Thu Jan 2024	325.05	321.85	332.60	321.00	1.362 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 321.3, but if it comes above 321.3, then a intra day buy could be more profitable.
If you take a sell trade below 321.3, then use 321.3 as stoploss and 313.3 as target. However if you take a buy trade in stock , then use 321.3 as stoploss and 328.08 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	296.80
Downside Target	313.15
Upside 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	313.38
Downside Intraday Target	305.77
Upside Intraday Target	333.58
Upside Intraday Target	346.17
Upside Intraday Target	325.97

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	321.00	337.15	338.55	318.35	0.218 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
24 Wed Jan 2024	321.00	329.80	342.00	313.15	1.148 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short to mid term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining momentum.

MACD generated a BUY signal for Shilpa Medicare in short term but the buy signal is initial and weak.

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 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 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 328.91 and Shilpa Medicare (SHILPAMED) stock is trading below this level. This means that stock is falling with high volumes. 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.