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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 2024-06-20 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 435574

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	572.30	526.75	576.00	523.15	2.119 times
19 Wed Jun 2024	526.75	535.95	537.95	519.50	1.014 times
18 Tue Jun 2024	535.95	530.20	543.95	524.25	0.519 times
14 Fri Jun 2024	533.05	551.85	560.00	525.10	0.435 times
13 Thu Jun 2024	546.90	537.75	553.50	537.75	0.79 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	0.388 times
10 Mon Jun 2024	544.70	539.25	554.85	527.05	1.125 times
07 Fri Jun 2024	539.25	526.00	550.00	519.05	0.943 times
06 Thu Jun 2024	526.75	504.00	534.45	496.45	1.751 times

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

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 580.7, for a target of 543 or 511.56

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
Downside Target	530.00
Downside Target	550.00
Downside Target	556.90
Downside Target	560.00
Downside Target	561.60
Upside Target	576.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	535.87
Downside Intraday Target	499.43
Upside Intraday Target	592.37
Upside Intraday Target	612.43
Downside Intraday Target	555.93

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	572.30	530.20	576.00	519.50	1.227 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 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
20 Thu Jun 2024	572.30	498.00	576.00	417.60	0.896 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 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 543.64 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.