Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-06-05 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 392441

Date	Daily Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	490.25	453.10	497.10	444.10	3.104 times
04 Tue Jun 2024	450.75	478.00	479.55	417.60	1.146 times
03 Mon Jun 2024	483.15	498.00	498.00	469.50	0.514 times
31 Fri May 2024	485.60	469.95	502.40	467.25	2.607 times
30 Thu May 2024	469.65	467.90	479.45	465.00	0.238 times
29 Wed May 2024	471.75	483.50	486.65	468.75	0.779 times
28 Tue May 2024	483.55	497.20	498.60	482.00	0.535 times
27 Mon May 2024	493.30	500.00	508.65	490.65	0.805 times
24 Fri May 2024	500.55	530.00	530.00	494.00	1.983 times
23 Thu May 2024	505.05	497.00	507.00	495.55	0.487 times

Stock of Shilpa Medicare (SHILPAMED) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 477.3 or till 457.7. Use a stoploss of 493.56 and if the stock hits stoploss, then it can shoot up till 509.85

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	357.55
Downside Target	384.50
Downside Target	417.60
Downside Target	454.80
Downside Target	488.00
Upside Target	498.00
Upside Target	508.65
Upside Target	529.00
Upside Target	530.00
Upside Target	540.70
Upside Target	556.90
Upside Target	561.60

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	439.23
Downside Intraday Target	388.22
Upside Intraday Target	519.63
Upside Intraday Target	549.02
Downside Intraday Target	468.62

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Wed Jun 2024	490.25	498.00	498.00	417.60	0.96 times
31 Fri May 2024	485.60	500.00	508.65	465.00	1.22 times
24 Fri May 2024	500.55	501.50	530.00	475.60	1.301 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

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
05 Wed Jun 2024	490.25	498.00	498.00	417.60	0.283 times
31 Fri May 2024	485.60	549.75	556.90	465.00	0.508 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

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 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 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 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 neutral. A longer time frame might give a better analysis.

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

MACD generated a SELL signal for Shilpa Medicare in short term and the sell 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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

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

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 485.83 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 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.