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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 2024-07-29 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 246472

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	672.35	669.70	684.90	660.00	0.812 times
26 Fri Jul 2024	665.55	675.00	684.90	662.35	2.471 times
25 Thu Jul 2024	662.40	668.05	675.00	656.30	0.702 times
24 Wed Jul 2024	672.05	647.00	675.00	641.60	1.229 times
23 Tue Jul 2024	643.45	648.00	674.90	625.25	1.542 times
22 Mon Jul 2024	644.00	630.10	649.00	616.10	0.928 times
19 Fri Jul 2024	630.10	645.00	647.40	619.85	0.818 times
18 Thu Jul 2024	646.10	647.00	653.00	630.00	0.693 times
16 Tue Jul 2024	647.90	653.85	659.20	644.80	0.312 times
15 Mon Jul 2024	654.15	659.90	661.60	639.70	0.578 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 674.4 as stoploss in an intra day sell trade for a target of 640.16. However, stock will show a bullish move above 674.4.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	384.50
Downside Target	417.60
Downside Target	463.05
Downside Target	556.90
Downside Target	608.00
Downside Target	660.00
Downside Target	661.60
Upside Target	677.00
Upside Target	684.90
Upside Target	685.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	659.93
Downside Intraday Target	647.52
Upside Intraday Target	684.83
Upside Intraday Target	697.32
Upside Intraday Target	672.42

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Jul 2024	672.35	669.70	684.90	660.00	0.118 times
26 Fri Jul 2024	665.55	630.10	684.90	616.10	2.862 times
19 Fri Jul 2024	630.10	659.90	661.60	619.85	0.309 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

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
29 Mon Jul 2024	672.35	569.80	685.00	559.00	1.139 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 SELL signal for Shilpa Medicare in short term but the sell signal is initial and weak.

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 tired and bears are picking up momentum.

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 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 655.9 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.