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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 2024-08-14 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 423791

Date	Daily Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	674.90	675.00	687.00	666.95	0.356 times
13 Tue Aug 2024	671.35	686.95	687.95	666.05	0.489 times
12 Mon Aug 2024	686.00	700.00	707.55	682.00	0.303 times
09 Fri Aug 2024	702.30	703.80	705.00	680.00	0.91 times
08 Thu Aug 2024	706.45	709.75	736.55	691.25	1.763 times
07 Wed Aug 2024	705.65	675.00	719.60	668.85	1.393 times
06 Tue Aug 2024	666.60	684.10	711.00	658.50	1.034 times
05 Mon Aug 2024	676.25	687.60	692.10	656.00	1.011 times
02 Fri Aug 2024	699.70	680.00	714.70	675.10	0.712 times
01 Thu Aug 2024	688.20	684.45	739.40	682.85	1.85 times

My analysis of stock is bullish for shortterm, and stock might move up till 696.5 or till 722.7. Use a stoploss of 674.79 and if this stock hits its stoploss, then it can fall down till 653.03

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	666.05
Upside Target	684.90
Upside Target	707.55
Upside Target	708.60
Upside Target	736.55
Upside Target	739.40

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	658.12
Downside Intraday Target	641.33
Upside Intraday Target	699.62
Upside Intraday Target	724.33
Upside Intraday Target	682.83

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Wed Aug 2024	674.90	700.00	707.55	666.05	0.188 times
09 Fri Aug 2024	702.30	687.60	736.55	656.00	1.127 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

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
14 Wed Aug 2024	674.90	684.45	739.40	656.00	0.404 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 down 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 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 Weak and stock is losing momentum.

MACD generated a SELL signal for Shilpa Medicare in short term but the sell signal is initial and weak.

Shilpa Medicare Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Shilpa Medicare in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 691.2 and Shilpa Medicare (SHILPAMED) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.