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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 2024-07-08 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 664361

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	667.20	663.00	685.00	660.00	1.136 times
05 Fri Jul 2024	660.20	601.00	677.00	601.00	6.123 times
04 Thu Jul 2024	579.65	584.65	585.20	569.95	0.239 times
03 Wed Jul 2024	584.65	571.00	590.50	568.55	0.307 times
02 Tue Jul 2024	573.55	566.15	580.00	561.45	0.287 times
01 Mon Jul 2024	563.35	569.80	579.80	559.00	0.418 times
28 Fri Jun 2024	569.60	564.00	572.00	559.40	0.229 times
27 Thu Jun 2024	562.20	588.20	593.95	556.05	0.611 times
26 Wed Jun 2024	588.20	589.05	593.00	580.10	0.151 times
25 Tue Jun 2024	589.70	596.20	608.00	576.90	0.824 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 653.6, for a target of 609.3 or 572.31

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	384.50
Downside Target	417.60
Downside Target	463.05
Downside Target	519.50
Downside Target	556.05
Downside Target	587.90
Downside Target	608.00
Downside Target	660.00
Upside Target	677.00
Upside Target	685.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	656.47
Downside Intraday Target	645.73
Upside Intraday Target	681.47
Upside Intraday Target	695.73
Upside Intraday Target	670.73

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jul 2024	667.20	663.00	685.00	660.00	0.154 times
05 Fri Jul 2024	660.20	569.80	677.00	559.00	2.809 times
28 Fri Jun 2024	569.60	575.00	608.00	556.05	0.839 times
21 Fri Jun 2024	580.05	530.20	587.90	519.50	1.603 times
14 Fri Jun 2024	533.05	539.25	560.00	525.10	0.426 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
08 Mon Jul 2024	667.20	569.80	685.00	559.00	0.693 times
28 Fri Jun 2024	569.60	498.00	608.00	417.60	1.234 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

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 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 but buying is losing 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 636.04 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.