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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 2024-03-04 View latest technical analysis

10 day averaged volume of Shoppers Stop is 25599

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	720.60	742.95	742.95	712.75	3.059 times
02 Sat Mar 2024	737.80	748.00	748.00	730.05	0.077 times
01 Fri Mar 2024	742.50	737.10	749.80	733.70	1.039 times
29 Thu Feb 2024	741.60	737.40	745.00	730.90	2.004 times
28 Wed Feb 2024	734.90	743.30	752.25	730.00	1.18 times
27 Tue Feb 2024	735.40	746.00	746.00	730.00	0.957 times
26 Mon Feb 2024	739.85	737.40	747.20	731.45	1.405 times
23 Fri Feb 2024	733.95	735.00	742.15	727.10	0.495 times
22 Thu Feb 2024	734.25	740.00	744.70	725.00	0.84 times
21 Wed Feb 2024	742.00	755.10	766.95	732.75	1.034 times

Stock of Shoppers Stop (SHOPERSTOP) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 715.5, for a target of 730.2 or 742.55

Share price targets for Shoppers Stop (SHOPERSTOP)

Target Type	Value
Downside Target	622.25
Downside Target	656.70
Downside Target	702.00
Upside Target	742.95
Upside Target	749.80
Upside Target	752.25
Upside Target	763.55
Upside Target	767.00
Upside Target	772.00
Upside Target	803.00

Intraday share price targets for Shoppers Stop (SHOPERSTOP)

Target Type	Value
Downside Intraday Target	707.92
Downside Intraday Target	695.23
Upside Intraday Target	738.12
Upside Intraday Target	755.63
Upside Intraday Target	725.43

Weekly technical analysis of Shoppers Stop (SHOPERSTOP)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Mar 2024	720.60	742.95	742.95	712.75	0.459 times
02 Sat Mar 2024	737.80	737.40	752.25	730.00	1.013 times
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

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
04 Mon Mar 2024	720.60	737.10	749.80	712.75	0.055 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
29 Fri Dec 2023	691.00	686.40	721.95	656.70	1.525 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 but buying is losing 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 734.2 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.