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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 2024-06-06 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 478724

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	526.75	504.00	534.45	496.45	1.593 times
05 Wed Jun 2024	490.25	453.10	497.10	444.10	2.544 times
04 Tue Jun 2024	450.75	478.00	479.55	417.60	0.94 times
03 Mon Jun 2024	483.15	498.00	498.00	469.50	0.422 times
31 Fri May 2024	485.60	469.95	502.40	467.25	2.137 times
30 Thu May 2024	469.65	467.90	479.45	465.00	0.195 times
29 Wed May 2024	471.75	483.50	486.65	468.75	0.638 times
28 Tue May 2024	483.55	497.20	498.60	482.00	0.439 times
27 Mon May 2024	493.30	500.00	508.65	490.65	0.66 times
24 Fri May 2024	500.55	530.00	530.00	494.00	1.626 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 534, for a target of 512.7 or 494.9

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
Downside Target	508.65
Upside Target	529.00
Upside Target	530.00
Upside Target	534.45
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	451.42
Downside Intraday Target	376.08
Upside Intraday Target	568.27
Upside Intraday Target	609.78
Downside Intraday Target	492.93

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	526.75	498.00	534.45	417.60	1.351 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
06 Thu Jun 2024	526.75	498.00	534.45	417.60	0.398 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 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

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

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. Bulls are getting stronger in this stock.

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 and BUY signal is strong.

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

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 490.97 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 negative.

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