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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 2024-03-07 View latest technical analysis

10 day averaged volume of Shoppers Stop is 40299

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	752.25	727.75	762.10	726.00	1.558 times
06 Wed Mar 2024	725.95	738.95	741.55	717.00	0.82 times
05 Tue Mar 2024	738.50	719.95	742.30	715.55	2.69 times
04 Mon Mar 2024	720.60	742.95	742.95	712.75	1.943 times
02 Sat Mar 2024	737.80	748.00	748.00	730.05	0.049 times
01 Fri Mar 2024	742.50	737.10	749.80	733.70	0.66 times
29 Thu Feb 2024	741.60	737.40	745.00	730.90	1.273 times
28 Wed Feb 2024	734.90	743.30	752.25	730.00	0.749 times
27 Tue Feb 2024	735.40	746.00	746.00	730.00	0.608 times
26 Mon Feb 2024	739.85	737.40	747.20	731.45	0.893 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 749, but if it comes below 749, then a intra day sell could be more profitable.
If you take a sell trade below 749, then use 749 as stoploss and 739.23 as target. However if you take a buy trade in stock , then use 749 as stoploss and 760.7 as target.

Share price targets for Shoppers Stop (SHOPERSTOP)

Target Type	Value
Downside Target	622.25
Downside Target	656.70
Downside Target	702.00
Downside Target	752.25
Upside Target	762.10
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	722.63
Downside Intraday Target	693.02
Upside Intraday Target	771.98
Upside Intraday Target	791.72
Downside Intraday Target	742.37

Weekly technical analysis of Shoppers Stop (SHOPERSTOP)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	752.25	742.95	762.10	712.75	1.657 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shoppers Stop (SHOPERSTOP)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	752.25	737.10	762.10	712.75	0.16 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 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 Shoppers Stop (SHOPERSTOP)

Price action analysis of Shoppers Stop ( (SHOPERSTOP) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 BUY. Signal strength is Weak and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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. 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 Shoppers Stop in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining 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 736.68 and Shoppers Stop (SHOPERSTOP) 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 Shoppers Stop (SHOPERSTOP) stock. Volume based technical analysis of Shoppers Stop (SHOPERSTOP) stock is negative.

Shoppers Stop 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.