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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 2024-02-08 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 1076331

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	383.50	394.00	398.00	382.00	0.869 times
07 Wed Feb 2024	389.20	363.95	392.00	360.70	1.817 times
06 Tue Feb 2024	361.50	373.00	376.75	360.00	0.336 times
05 Mon Feb 2024	370.60	369.45	379.50	366.45	0.823 times
02 Fri Feb 2024	368.15	376.00	382.50	363.85	0.529 times
01 Thu Feb 2024	375.75	365.95	380.90	360.60	1.941 times
31 Wed Jan 2024	368.15	317.60	374.75	317.60	3.673 times
30 Tue Jan 2024	317.60	320.00	323.00	316.10	0.164 times
29 Mon Jan 2024	320.00	331.80	336.50	318.65	0.462 times
25 Thu Jan 2024	330.75	317.00	332.95	317.00	0.144 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 366.6, but if it comes below 366.6, then a intra day sell could be more profitable.
If you take a sell trade below 366.6, then use 366.6 as stoploss and 343.31 as target. However if you take a buy trade in stock , then use 366.6 as stoploss and 394.6 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	296.80
Downside Target	313.15
Downside Target	328.00
Downside Target	347.50
Downside Target	360.00
Downside Target	366.50
Downside Target	374.75
Downside Target	382.50
Upside Target	391.35
Upside Target	397.00
Upside Target	398.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	363
Downside Intraday Target	342.5
Upside Intraday Target	401
Upside Intraday Target	418.5
Downside Intraday Target	380.5

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Feb 2024	383.50	369.45	398.00	360.00	0.568 times
02 Fri Feb 2024	368.15	331.80	382.50	316.10	12.484 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

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
08 Thu Feb 2024	383.50	365.95	398.00	360.00	0.574 times
31 Wed Jan 2024	368.15	329.80	374.75	313.15	1.926 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

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 term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Shilpa Medicare stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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 green color and prices are above the green 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

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 370.95 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.