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 2024-06-11 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 516565

Date	Daily Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	534.20	544.70	546.60	531.70	0.327 times
10 Mon Jun 2024	544.70	539.25	554.85	527.05	0.948 times
07 Fri Jun 2024	539.25	526.00	550.00	519.05	0.795 times
06 Thu Jun 2024	526.75	504.00	534.45	496.45	1.477 times
05 Wed Jun 2024	490.25	453.10	497.10	444.10	2.358 times
04 Tue Jun 2024	450.75	478.00	479.55	417.60	0.871 times
03 Mon Jun 2024	483.15	498.00	498.00	469.50	0.391 times
31 Fri May 2024	485.60	469.95	502.40	467.25	1.98 times
30 Thu May 2024	469.65	467.90	479.45	465.00	0.181 times
29 Wed May 2024	471.75	483.50	486.65	468.75	0.592 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 524.2, but if it comes below 524.2, then a intra day sell could be more profitable.
If you take a sell trade below 524.2, then use 524.2 as stoploss and 500.25 as target. However if you take a buy trade in stock , then use 524.2 as stoploss and 553 as target.

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
Downside Target	527.05
Downside Target	530.00
Upside Target	550.00
Upside Target	554.85
Upside Target	556.90
Upside Target	561.60

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	522.55
Downside Intraday Target	510.9
Upside Intraday Target	550.35
Upside Intraday Target	566.5
Upside Intraday Target	538.7

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Tue Jun 2024	534.20	539.25	554.85	527.05	0.216 times
07 Fri Jun 2024	539.25	498.00	550.00	417.60	1.562 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

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
11 Tue Jun 2024	534.20	498.00	554.85	417.60	0.56 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shilpa Medicare in short term but SELL 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

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 500.11 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.