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 2024-07-09 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 685975

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	659.25	669.00	676.20	656.00	0.455 times
08 Mon Jul 2024	667.20	663.00	685.00	660.00	1.1 times
05 Fri Jul 2024	660.20	601.00	677.00	601.00	5.93 times
04 Thu Jul 2024	579.65	584.65	585.20	569.95	0.232 times
03 Wed Jul 2024	584.65	571.00	590.50	568.55	0.297 times
02 Tue Jul 2024	573.55	566.15	580.00	561.45	0.278 times
01 Mon Jul 2024	563.35	569.80	579.80	559.00	0.405 times
28 Fri Jun 2024	569.60	564.00	572.00	559.40	0.221 times
27 Thu Jun 2024	562.20	588.20	593.95	556.05	0.592 times
26 Wed Jun 2024	588.20	589.05	593.00	580.10	0.146 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 668, for a target of 618.9 or 578.04

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	656.00
Upside Target	677.00
Upside Target	685.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	648.5
Downside Intraday Target	637.75
Upside Intraday Target	677.5
Upside Intraday Target	695.75
Upside Intraday Target	666.75

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jul 2024	659.25	663.00	685.00	656.00	0.218 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 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
09 Tue Jul 2024	659.25	569.80	685.00	559.00	0.731 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 losing 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 640.96 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.