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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 2024-07-30 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 248573

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	701.40	672.35	708.60	667.00	3.161 times
29 Mon Jul 2024	672.35	669.70	684.90	660.00	0.805 times
26 Fri Jul 2024	665.55	675.00	684.90	662.35	2.45 times
25 Thu Jul 2024	662.40	668.05	675.00	656.30	0.696 times
24 Wed Jul 2024	672.05	647.00	675.00	641.60	1.219 times
23 Tue Jul 2024	643.45	648.00	674.90	625.25	1.529 times
22 Mon Jul 2024	644.00	630.10	649.00	616.10	0.92 times
19 Fri Jul 2024	630.10	645.00	647.40	619.85	0.812 times
18 Thu Jul 2024	646.10	647.00	653.00	630.00	0.687 times
16 Tue Jul 2024	647.90	653.85	659.20	644.80	0.31 times

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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 678.9, but if it comes below 678.9, then a intra day sell could be more profitable.
If you take a sell trade below 678.9, then use 678.9 as stoploss and 647.06 as target. However if you take a buy trade in stock , then use 678.9 as stoploss and 717.2 as target.

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
Downside Target	677.00
Downside Target	684.90
Downside Target	685.00
Upside Target	708.60

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	671.4
Downside Intraday Target	641.4
Upside Intraday Target	720
Upside Intraday Target	738.6
Downside Intraday Target	690

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	701.40	669.70	708.60	660.00	0.582 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
30 Tue Jul 2024	701.40	569.80	708.60	559.00	1.235 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 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 667.4 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.