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(SHOPERSTOP) Shoppers Stop complete technical analysis [charts+indicators] | Buy/Sell Shoppers Stop | (SHOPERSTOP) share price targets

Complete technical analysis of Shoppers Stop (SHOPERSTOP) by charts plus indicators, forecast predictions and share price targets for Shoppers Stop (SHOPERSTOP)

Shoppers Stop trades in NSE in Department Stores sector.

10 day averaged volume of Shoppers Stop is 81629

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	712.15	712.00	718.70	706.90	0.756 times
23 Tue Apr 2024	708.55	712.00	720.00	705.25	0.706 times
22 Mon Apr 2024	708.65	714.90	719.55	703.60	0.921 times
19 Fri Apr 2024	711.15	694.50	715.15	686.90	0.674 times
18 Thu Apr 2024	700.85	709.00	712.20	697.00	0.512 times
16 Tue Apr 2024	708.60	711.00	722.90	705.00	0.374 times
15 Mon Apr 2024	716.00	723.00	733.60	710.00	0.372 times
12 Fri Apr 2024	729.65	747.80	747.80	721.00	0.865 times
10 Wed Apr 2024	743.85	755.60	755.60	738.40	4.706 times
09 Tue Apr 2024	751.60	765.00	765.00	744.70	0.326 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 715.8, but if it comes above 715.8, then a intra day buy could be more profitable.
If you take a sell trade below 715.8, then use 715.8 as stoploss and 684 as target. However if you take a buy trade in stock , then use 715.8 as stoploss and 742.35 as target.

Share price targets for Shoppers Stop (SHOPERSTOP)

Target Type	Value
Downside Target	656.70
Downside Target	686.90
Downside Target	702.75
Upside Target	720.00
Upside Target	747.05
Upside Target	767.00
Upside Target	775.00
Upside Target	803.00
Upside Target	807.00

Intraday share price targets for Shoppers Stop (SHOPERSTOP)

Target Type	Value
Downside Intraday Target	703.83
Downside Intraday Target	695.52
Upside Intraday Target	720.23
Upside Intraday Target	728.32
Downside Intraday Target	711.92

Weekly technical analysis of Shoppers Stop (SHOPERSTOP)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	712.15	714.90	720.00	703.60	1.233 times
19 Fri Apr 2024	711.15	723.00	733.60	686.90	0.3 times
12 Fri Apr 2024	729.65	767.20	775.00	721.00	1.71 times
05 Fri Apr 2024	759.00	755.00	807.00	747.05	0.663 times
28 Thu Mar 2024	755.00	749.00	807.00	733.05	0.917 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 Shoppers Stop (SHOPERSTOP)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	712.15	755.00	807.00	686.90	0.597 times
28 Thu Mar 2024	755.00	737.10	807.00	702.75	1.025 times
29 Thu Feb 2024	741.60	757.10	803.00	705.00	0.373 times
31 Wed Jan 2024	754.10	691.00	767.00	667.40	2.597 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 Shoppers Stop (SHOPERSTOP)

Price action analysis of Shoppers Stop ( (SHOPERSTOP) ) 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 Shoppers Stop ( (SHOPERSTOP) ) based on a short 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 Shoppers Stop ( (SHOPERSTOP) ) 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 Shoppers Stop ( (SHOPERSTOP) ) based on a mid to longer 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.

ADX buy sell signal for Shoppers Stop stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Shoppers Stop in short term and the sell signal is strong.

Shoppers Stop Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Shoppers Stop 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shoppers Stop is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 728.31 and Shoppers Stop (SHOPERSTOP) 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 Shoppers Stop (SHOPERSTOP) stock. Volume based technical analysis of Shoppers Stop (SHOPERSTOP) stock is negative.

Shoppers Stop Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.