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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 2024-08-07 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 424992

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	705.65	675.00	719.60	668.85	1.389 times
06 Tue Aug 2024	666.60	684.10	711.00	658.50	1.031 times
05 Mon Aug 2024	676.25	687.60	692.10	656.00	1.008 times
02 Fri Aug 2024	699.70	680.00	714.70	675.10	0.709 times
01 Thu Aug 2024	688.20	684.45	739.40	682.85	1.844 times
31 Wed Jul 2024	681.00	703.95	703.95	677.00	0.534 times
30 Tue Jul 2024	701.40	672.35	708.60	667.00	1.849 times
29 Mon Jul 2024	672.35	669.70	684.90	660.00	0.471 times
26 Fri Jul 2024	665.55	675.00	684.90	662.35	1.433 times
25 Thu Jul 2024	662.40	668.05	675.00	656.30	0.407 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 711.5, for a target of 687.1 or 666.71

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	417.60
Downside Target	463.05
Downside Target	556.90
Downside Target	608.00
Downside Target	656.00
Downside Target	661.60
Downside Target	684.90
Downside Target	685.00
Upside Target	708.60
Upside Target	719.60
Upside Target	739.40

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	667.9
Downside Intraday Target	630.15
Upside Intraday Target	731.5
Upside Intraday Target	757.35
Downside Intraday Target	693.75

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	705.65	687.60	719.60	656.00	0.634 times
02 Fri Aug 2024	699.70	669.70	739.40	660.00	1.357 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

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
07 Wed Aug 2024	705.65	684.45	739.40	656.00	0.247 times
31 Wed Jul 2024	681.00	569.80	708.60	559.00	1.263 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

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 685.22 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.