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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 2024-07-16 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 667614

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	647.90	653.85	659.20	644.80	0.115 times
15 Mon Jul 2024	654.15	659.90	661.60	639.70	0.213 times
12 Fri Jul 2024	658.60	669.50	671.75	650.00	0.268 times
11 Thu Jul 2024	668.15	650.80	674.90	644.55	0.403 times
10 Wed Jul 2024	650.55	665.00	674.90	628.05	0.595 times
09 Tue Jul 2024	659.25	669.00	676.20	656.00	0.468 times
08 Mon Jul 2024	667.20	663.00	685.00	660.00	1.131 times
05 Fri Jul 2024	660.20	601.00	677.00	601.00	6.093 times
04 Thu Jul 2024	579.65	584.65	585.20	569.95	0.238 times
03 Wed Jul 2024	584.65	571.00	590.50	568.55	0.305 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 651.3 as stoploss in an intra day sell trade for a target of 607.61. However, stock will show a bullish move above 651.3.

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	628.05
Downside Target	639.70
Upside Target	661.60
Upside Target	677.00
Upside Target	685.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	637.87
Downside Intraday Target	627.83
Upside Intraday Target	659.77
Upside Intraday Target	671.63
Upside Intraday Target	649.73

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Jul 2024	647.90	659.90	661.60	639.70	0.115 times
12 Fri Jul 2024	658.60	663.00	685.00	628.05	0.39 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

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
16 Tue Jul 2024	647.90	569.80	685.00	559.00	0.861 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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 Strong 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 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

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 656.08 and Shilpa Medicare (SHILPAMED) stock is trading below this level. This means that stock is falling with high volumes. 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.