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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 2024-09-05 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 609255

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	830.35	818.80	854.10	808.05	1.04 times
04 Wed Sep 2024	813.15	754.00	824.05	752.45	1.374 times
03 Tue Sep 2024	765.25	758.95	771.05	756.05	0.28 times
02 Mon Sep 2024	754.85	770.00	794.00	746.05	0.401 times
30 Fri Aug 2024	767.40	751.00	774.80	724.80	0.752 times
29 Thu Aug 2024	748.15	763.55	776.95	741.90	0.469 times
28 Wed Aug 2024	763.35	767.85	775.00	755.00	0.831 times
27 Tue Aug 2024	760.35	740.10	797.90	740.10	2.841 times
26 Mon Aug 2024	731.55	699.90	777.90	699.90	2.512 times
23 Fri Aug 2024	697.80	719.40	719.95	692.35	0.194 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 826.6, for a target of 772.1 or 726.71

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	417.60
Downside Target	465.00
Downside Target	556.90
Downside Target	608.00
Downside Target	656.00
Downside Target	699.90
Downside Target	736.55
Downside Target	746.05
Downside Target	797.90
Upside Target	854.10

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	766.23
Downside Intraday Target	702.12
Upside Intraday Target	874.28
Upside Intraday Target	918.22
Downside Intraday Target	810.17

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	830.35	770.00	854.10	746.05	0.418 times
30 Fri Aug 2024	767.40	699.90	797.90	699.90	6.156 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

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
05 Thu Sep 2024	830.35	770.00	854.10	746.05	0.197 times
30 Fri Aug 2024	767.40	684.45	797.90	656.00	0.929 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

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 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 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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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

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 766.16 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.