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 2024-01-30 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 304276

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jan 2024	317.60	320.00	323.00	316.10	0.581 times
29 Mon Jan 2024	320.00	331.80	336.50	318.65	1.636 times
25 Thu Jan 2024	330.75	317.00	332.95	317.00	0.511 times
24 Wed Jan 2024	321.00	325.30	326.20	318.35	0.389 times
23 Tue Jan 2024	322.85	331.50	333.50	320.60	0.538 times
22 Mon Jan 2024	331.50	337.15	338.55	329.10	0.481 times
19 Fri Jan 2024	332.70	333.60	338.90	327.00	1.752 times
18 Thu Jan 2024	329.95	329.60	330.95	319.85	2.095 times
17 Wed Jan 2024	329.60	332.00	332.00	327.40	0.713 times
16 Tue Jan 2024	329.25	329.45	331.90	327.00	0.855 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 315 as target. However if you take a buy trade in stock , then use 321.3 as stoploss and 326.53 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	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	310.3
Downside Intraday Target	303
Upside Intraday Target	330.7
Upside Intraday Target	343.8
Upside Intraday Target	323.4

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jan 2024	317.60	331.80	336.50	316.10	1.156 times
25 Thu Jan 2024	330.75	337.15	338.55	317.00	0.298 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

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
30 Tue Jan 2024	317.60	329.80	342.00	313.15	1.283 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 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 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 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 327.27 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.