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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 2024-05-15 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 285788

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	518.65	522.40	527.00	511.00	0.782 times
14 Tue May 2024	507.20	505.00	513.95	490.00	0.865 times
13 Mon May 2024	498.90	508.25	508.30	488.00	0.592 times
10 Fri May 2024	505.05	502.00	508.45	490.15	0.566 times
09 Thu May 2024	499.85	511.90	517.80	493.95	0.999 times
08 Wed May 2024	511.90	502.25	518.85	497.00	0.551 times
07 Tue May 2024	502.55	520.00	524.05	498.45	1.159 times
06 Mon May 2024	521.80	538.50	540.70	513.65	0.77 times
03 Fri May 2024	537.05	555.90	556.00	519.90	1.417 times
02 Thu May 2024	554.35	549.75	556.90	544.00	0.993 times

My analysis of stock is bearish for shortterm, and stock might move down till 509.5 or till 489.5. Use a stoploss of 526.05 and if the stock hits stoploss, then it can shoot up till 542.65

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	313.15
Downside Target	357.55
Downside Target	374.75
Downside Target	384.50
Downside Target	454.80
Downside Target	486.80
Upside Target	519.90
Upside Target	540.70
Upside Target	549.00
Upside Target	556.90
Upside Target	557.70
Upside Target	561.60

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	495.43
Downside Intraday Target	472.22
Upside Intraday Target	534.43
Upside Intraday Target	550.22
Downside Intraday Target	511.22

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	518.65	508.25	527.00	488.00	0.553 times
10 Fri May 2024	505.05	538.50	540.70	490.15	0.667 times
03 Fri May 2024	537.05	549.90	561.60	519.90	1.311 times
26 Fri Apr 2024	544.05	537.95	549.00	525.15	0.309 times
19 Fri Apr 2024	534.55	506.00	557.70	486.80	1.111 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
15 Wed May 2024	518.65	549.75	556.90	488.00	0.191 times
30 Tue Apr 2024	550.35	463.60	561.60	463.05	1.283 times
28 Thu Mar 2024	460.55	420.00	469.00	384.50	0.346 times
29 Thu Feb 2024	416.45	365.95	454.80	357.55	2.475 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short to mid 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 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 Weak and stock is losing momentum.

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

Shilpa Medicare Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 SELL signal in short term but selling 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 517.9 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 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 positive

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