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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 2024-06-19 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 436414

Date	Daily Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	526.75	535.95	537.95	519.50	1.012 times
18 Tue Jun 2024	535.95	530.20	543.95	524.25	0.518 times
14 Fri Jun 2024	533.05	551.85	560.00	525.10	0.434 times
13 Thu Jun 2024	546.90	537.75	553.50	537.75	0.789 times
12 Wed Jun 2024	537.75	534.00	543.90	533.60	0.239 times
11 Tue Jun 2024	534.20	544.70	546.60	531.70	0.387 times
10 Mon Jun 2024	544.70	539.25	554.85	527.05	1.123 times
07 Fri Jun 2024	539.25	526.00	550.00	519.05	0.941 times
06 Thu Jun 2024	526.75	504.00	534.45	496.45	1.748 times
05 Wed Jun 2024	490.25	453.10	497.10	444.10	2.791 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 536 as stoploss in an intra day sell trade for a target of 507.58. However, stock will show a bullish move above 536.

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	508.65
Downside Target	519.50
Upside Target	530.00
Upside Target	543.95
Upside Target	550.00
Upside Target	556.90
Upside Target	560.00
Upside Target	561.60

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	516.18
Downside Intraday Target	505.62
Upside Intraday Target	540.63
Upside Intraday Target	554.52
Upside Intraday Target	530.07

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Wed Jun 2024	526.75	530.20	543.95	519.50	0.515 times
14 Fri Jun 2024	533.05	539.25	560.00	525.10	0.426 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

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
19 Wed Jun 2024	526.75	498.00	560.00	417.60	0.757 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 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 Weak and stock is losing momentum.

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

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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 522.64 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 positive

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