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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 2024-08-28 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 452539

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	763.35	767.85	775.00	755.00	1.118 times
27 Tue Aug 2024	760.35	740.10	797.90	740.10	3.825 times
26 Mon Aug 2024	731.55	699.90	777.90	699.90	3.382 times
23 Fri Aug 2024	697.80	719.40	719.95	692.35	0.261 times
22 Thu Aug 2024	715.40	700.65	721.00	695.15	0.468 times
21 Wed Aug 2024	695.90	685.45	705.70	685.45	0.346 times
20 Tue Aug 2024	685.85	692.00	694.90	682.00	0.247 times
19 Mon Aug 2024	688.80	678.55	700.00	671.10	0.298 times
16 Fri Aug 2024	675.05	688.95	688.95	661.60	0.382 times
14 Wed Aug 2024	674.90	675.00	687.00	666.95	0.334 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 756.3, for a target of 724.8 or 698.62

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	699.90
Downside Target	707.55
Downside Target	708.60
Downside Target	721.00
Downside Target	736.55
Downside Target	739.40
Upside Target	797.90

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	709.53
Downside Intraday Target	655.72
Upside Intraday Target	807.53
Upside Intraday Target	851.72
Downside Intraday Target	753.72

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	763.35	699.90	797.90	699.90	5.14 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Monthly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	763.35	684.45	797.90	656.00	0.857 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 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 losing 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 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 moving up

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

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 736.48 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.