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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 2024-08-21 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 306751

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	695.90	685.45	705.70	685.45	0.511 times
20 Tue Aug 2024	685.85	692.00	694.90	682.00	0.364 times
19 Mon Aug 2024	688.80	678.55	700.00	671.10	0.44 times
16 Fri Aug 2024	675.05	688.95	688.95	661.60	0.564 times
14 Wed Aug 2024	674.90	675.00	687.00	666.95	0.492 times
13 Tue Aug 2024	671.35	686.95	687.95	666.05	0.675 times
12 Mon Aug 2024	686.00	700.00	707.55	682.00	0.419 times
09 Fri Aug 2024	702.30	703.80	705.00	680.00	1.258 times
08 Thu Aug 2024	706.45	709.75	736.55	691.25	2.436 times
07 Wed Aug 2024	705.65	675.00	719.60	668.85	1.925 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 697.7 as stoploss in an intra day sell trade for a target of 683.89. However, stock will show a bullish move above 697.7.

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	684.90
Upside Target	705.70
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	676.1
Downside Intraday Target	656.3
Upside Intraday Target	710.7
Upside Intraday Target	725.5
Downside Intraday Target	690.9

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	695.90	678.55	705.70	671.10	0.611 times
16 Fri Aug 2024	675.05	700.00	707.55	661.60	0.255 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

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
21 Wed Aug 2024	695.90	684.45	739.40	656.00	0.46 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 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 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 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 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.

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 weakening, and bulls 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 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 696.22 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.