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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 2024-02-16 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 884035

Date	Daily Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	379.20	374.00	384.00	372.20	0.617 times
15 Thu Feb 2024	373.25	374.10	377.45	371.20	0.27 times
14 Wed Feb 2024	373.05	362.60	378.40	360.80	0.486 times
13 Tue Feb 2024	366.50	371.00	375.00	357.55	0.384 times
12 Mon Feb 2024	369.95	381.00	381.15	365.90	0.731 times
09 Fri Feb 2024	368.20	409.00	410.00	366.05	2.804 times
08 Thu Feb 2024	383.50	394.00	398.00	382.00	1.058 times
07 Wed Feb 2024	389.20	363.95	392.00	360.70	2.212 times
06 Tue Feb 2024	361.50	373.00	376.75	360.00	0.409 times
05 Mon Feb 2024	370.60	369.45	379.50	366.45	1.003 times

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 379.9 as stoploss in an intra day sell trade for a target of 356.17. However, stock will show a bullish move above 379.9.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	296.80
Downside Target	313.15
Downside Target	328.00
Downside Target	338.55
Downside Target	347.50
Downside Target	357.55
Downside Target	374.75
Upside Target	382.50
Upside Target	384.00
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	363.17
Downside Intraday Target	347.13
Upside Intraday Target	389.62
Upside Intraday Target	400.03
Downside Intraday Target	373.58

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Fri Feb 2024	379.20	381.00	384.00	357.55	0.332 times
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

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
16 Fri Feb 2024	379.20	365.95	410.00	357.55	0.969 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 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 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 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.

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 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 green color and prices are above the green cloud Prices appear to be moving up

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 but buying is losing 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 375.56 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.