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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 2024-05-22 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 210316

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	492.75	492.00	496.90	475.60	1.689 times
21 Tue May 2024	491.70	501.50	501.50	486.30	1.292 times
18 Sat May 2024	501.50	504.00	509.25	497.35	0.18 times
17 Fri May 2024	499.25	524.95	528.35	493.00	1.316 times
16 Thu May 2024	522.65	518.65	529.00	512.00	1.295 times
15 Wed May 2024	518.65	522.40	527.00	511.00	1.063 times
14 Tue May 2024	507.20	505.00	513.95	490.00	1.175 times
13 Mon May 2024	498.90	508.25	508.30	488.00	0.804 times
10 Fri May 2024	505.05	502.00	508.45	490.15	0.769 times
09 Thu May 2024	499.85	511.90	517.80	493.95	1.357 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 498.8, but if it comes above 498.8, then a intra day buy could be more profitable.
If you take a sell trade below 498.8, then use 498.8 as stoploss and 475.8 as target. However if you take a buy trade in stock , then use 498.8 as stoploss and 517.9 as target.

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	488.00
Upside Target	501.50
Upside Target	519.90
Upside Target	529.00
Upside Target	540.70
Upside Target	549.00
Upside Target	556.90
Upside Target	561.60

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	478.4
Downside Intraday Target	464.05
Upside Intraday Target	504.3
Upside Intraday Target	515.85
Downside Intraday Target	489.95

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	492.75	501.50	501.50	475.60	0.511 times
18 Sat May 2024	501.50	508.25	529.00	488.00	1.061 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

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
22 Wed May 2024	492.75	549.75	556.90	475.60	0.284 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 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 term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL. Signal strength is Strong and stock is gaining 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 in or below the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Shilpa Medicare in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 503.36 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.