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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.

10 day averaged volume of Shilpa Medicare is 357109

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	521.80	538.50	540.70	513.65	0.616 times
03 Fri May 2024	537.05	555.90	556.00	519.90	1.134 times
02 Thu May 2024	554.35	549.75	556.90	544.00	0.795 times
30 Tue Apr 2024	550.35	557.95	561.60	542.20	1.671 times
29 Mon Apr 2024	536.50	549.90	554.75	532.25	1.255 times
26 Fri Apr 2024	544.05	528.25	549.00	526.15	1.049 times
25 Thu Apr 2024	530.90	531.00	533.70	527.25	0.346 times
24 Wed Apr 2024	531.10	538.00	542.40	529.10	0.677 times
23 Tue Apr 2024	535.00	536.50	542.00	529.00	0.797 times
22 Mon Apr 2024	536.30	537.95	544.05	525.15	0.834 times

My analysis of stock is bearish for shortterm, and stock might move down till 509 or till 488.5. Use a stoploss of 526.02 and if the stock hits stoploss, then it can shoot up till 543.05

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	313.15
Downside Target	357.55
Downside Target	374.75
Downside Target	384.50
Downside Target	454.80
Downside Target	486.80
Downside Target	513.65
Upside Target	540.70
Upside Target	549.00
Upside Target	556.90
Upside Target	557.70
Upside Target	561.60

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	510.07
Downside Intraday Target	498.33
Upside Intraday Target	537.12
Upside Intraday Target	552.43
Upside Intraday Target	525.38

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	521.80	538.50	540.70	513.65	0.127 times
03 Fri May 2024	537.05	549.90	561.60	519.90	1.311 times
26 Fri Apr 2024	544.05	537.95	549.00	525.15	0.309 times
19 Fri Apr 2024	534.55	506.00	557.70	486.80	1.111 times
12 Fri Apr 2024	505.75	501.95	534.00	494.05	1.535 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 Shilpa Medicare (SHILPAMED)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Mon May 2024	521.80	549.75	556.90	513.65	0.07 times
30 Tue Apr 2024	550.35	463.60	561.60	463.05	1.283 times
28 Thu Mar 2024	460.55	420.00	469.00	384.50	0.346 times
29 Thu Feb 2024	416.45	365.95	454.80	357.55	2.475 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 Shilpa Medicare (SHILPAMED)

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) 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 Shilpa Medicare ( (SHILPAMED) ) based on a short 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 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 Weak and stock is losing momentum.

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

Shilpa Medicare 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 Shilpa Medicare 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 Shilpa Medicare is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 539.76 and Shilpa Medicare (SHILPAMED) 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 Shilpa Medicare (SHILPAMED) stock. Volume based technical analysis of Shilpa Medicare (SHILPAMED) stock is negative.

Shilpa Medicare 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.