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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 2024-02-09 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 1157977

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	368.20	409.00	410.00	366.05	2.14 times
08 Thu Feb 2024	383.50	394.00	398.00	382.00	0.807 times
07 Wed Feb 2024	389.20	363.95	392.00	360.70	1.689 times
06 Tue Feb 2024	361.50	373.00	376.75	360.00	0.312 times
05 Mon Feb 2024	370.60	369.45	379.50	366.45	0.765 times
02 Fri Feb 2024	368.15	376.00	382.50	363.85	0.492 times
01 Thu Feb 2024	375.75	365.95	380.90	360.60	1.804 times
31 Wed Jan 2024	368.15	317.60	374.75	317.60	3.414 times
30 Tue Jan 2024	317.60	320.00	323.00	316.10	0.153 times
29 Mon Jan 2024	320.00	331.80	336.50	318.65	0.43 times

Stock of Shilpa Medicare (SHILPAMED) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 369 as stoploss in an intra day sell trade for a target of 345.47. However, stock will show a bullish move above 369.

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
Upside Target	374.75
Upside Target	382.50
Upside Target	391.35
Upside Target	397.00
Upside Target	410.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	348.8
Downside Intraday Target	329.4
Upside Intraday Target	398.8
Upside Intraday Target	429.4
Upside Intraday Target	379.4

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Feb 2024	368.20	369.45	410.00	360.00	0.908 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
09 Fri Feb 2024	368.20	365.95	410.00	360.00	0.783 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 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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

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

Shilpa Medicare Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shilpa Medicare in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 370.91 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 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.