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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 2024-08-23 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 240745

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	697.80	719.40	719.95	692.35	0.49 times
22 Thu Aug 2024	715.40	700.65	721.00	695.15	0.88 times
21 Wed Aug 2024	695.90	685.45	705.70	685.45	0.651 times
20 Tue Aug 2024	685.85	692.00	694.90	682.00	0.463 times
19 Mon Aug 2024	688.80	678.55	700.00	671.10	0.56 times
16 Fri Aug 2024	675.05	688.95	688.95	661.60	0.719 times
14 Wed Aug 2024	674.90	675.00	687.00	666.95	0.627 times
13 Tue Aug 2024	671.35	686.95	687.95	666.05	0.86 times
12 Mon Aug 2024	686.00	700.00	707.55	682.00	0.534 times
09 Fri Aug 2024	702.30	703.80	705.00	680.00	1.603 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 702.1 as stoploss in an intra day sell trade for a target of 687.83. However, stock will show a bullish move above 702.1.

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	707.55
Upside Target	708.60
Upside Target	721.00
Upside Target	736.55
Upside Target	739.40

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	672.27
Downside Intraday Target	646.73
Upside Intraday Target	722.17
Upside Intraday Target	746.53
Downside Intraday Target	696.63

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	697.80	678.55	721.00	671.10	1.111 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
23 Fri Aug 2024	697.80	684.45	739.40	656.00	0.492 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 to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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.

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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 691.18 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 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.