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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.

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Shoppers Stop is 89386

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	733.95	735.00	742.15	727.10	0.142 times
22 Thu Feb 2024	734.25	740.00	744.70	725.00	0.241 times
21 Wed Feb 2024	742.00	755.10	766.95	732.75	0.296 times
20 Tue Feb 2024	760.45	761.40	766.75	752.60	0.277 times
19 Mon Feb 2024	761.30	745.25	772.00	745.25	0.926 times
16 Fri Feb 2024	745.20	730.20	747.50	730.20	0.376 times
15 Thu Feb 2024	734.40	749.55	749.55	726.60	0.264 times
14 Wed Feb 2024	738.75	716.10	747.00	713.00	0.41 times
13 Tue Feb 2024	730.85	725.00	746.40	705.00	3.672 times
12 Mon Feb 2024	734.10	749.80	763.55	729.00	2.344 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 736, but if it comes above 736, then a intra day buy could be more profitable.
If you take a sell trade below 736, then use 736 as stoploss and 722.7 as target. However if you take a buy trade in stock , then use 736 as stoploss and 746.97 as target.

Share price targets for Shoppers Stop (SHOPERSTOP)

Target Type	Value
Downside Target	616.00
Downside Target	656.70
Downside Target	693.80
Downside Target	725.00
Upside Target	740.10
Upside Target	763.55
Upside Target	767.00
Upside Target	769.00
Upside Target	772.00
Upside Target	803.00

Intraday share price targets for Shoppers Stop (SHOPERSTOP)

Target Type	Value
Downside Intraday Target	715.3
Downside Intraday Target	696.65
Upside Intraday Target	762.3
Upside Intraday Target	790.65
Upside Intraday Target	743.65

Weekly technical analysis of Shoppers Stop (SHOPERSTOP)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	733.95	745.25	772.00	725.00	0.266 times
16 Fri Feb 2024	745.20	749.80	763.55	705.00	1.048 times
09 Fri Feb 2024	749.40	750.05	803.00	740.10	0.274 times
02 Fri Feb 2024	750.05	707.00	769.00	699.60	2.722 times
25 Thu Jan 2024	705.00	696.00	716.40	693.80	0.718 times

Price has moved down 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
23 Fri Feb 2024	733.95	757.10	803.00	705.00	0.346 times
31 Wed Jan 2024	754.10	691.00	767.00	667.40	2.597 times
29 Fri Dec 2023	691.00	686.40	721.95	656.70	1.525 times
30 Thu Nov 2023	686.40	640.10	702.00	622.25	0.958 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 Shoppers Stop stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

Shoppers Stop 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 getting stronger in this stock.

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

CCI has generated a SELL signal for Shoppers Stop in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 737.35 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 positive

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