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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 734475

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	524.45	539.10	557.70	521.05	2.608 times
16 Tue Apr 2024	540.50	503.00	544.90	502.95	1.342 times
15 Mon Apr 2024	507.25	506.00	524.10	486.80	1.182 times
12 Fri Apr 2024	505.75	511.00	524.20	501.45	0.591 times
10 Wed Apr 2024	512.05	525.00	526.35	508.80	1.381 times
09 Tue Apr 2024	522.65	506.95	534.00	506.95	1.966 times
08 Mon Apr 2024	506.05	501.95	522.95	494.05	1.312 times
05 Fri Apr 2024	495.90	492.00	506.00	489.45	0.374 times
04 Thu Apr 2024	493.80	512.95	515.65	490.40	0.422 times
03 Wed Apr 2024	512.45	500.00	514.90	495.80	0.545 times

Stock of Shilpa Medicare (SHILPAMED) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 517.4, but if it comes below 517.4, then a intra day sell could be more profitable.
If you take a sell trade below 517.4, then use 517.4 as stoploss and 486.64 as target. However if you take a buy trade in stock , then use 517.4 as stoploss and 554.3 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	313.15
Downside Target	328.00
Downside Target	357.55
Downside Target	374.75
Downside Target	384.50
Downside Target	430.50
Downside Target	440.95
Downside Target	454.80
Downside Target	486.80
Downside Target	494.05
Downside Target	515.65
Upside Target	534.00
Upside Target	557.70

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	488.27
Downside Intraday Target	452.08
Upside Intraday Target	559.17
Upside Intraday Target	593.88
Downside Intraday Target	522.98

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	524.45	506.00	557.70	486.80	0.977 times
12 Fri Apr 2024	505.75	501.95	534.00	494.05	1.535 times
05 Fri Apr 2024	495.90	463.60	515.65	463.05	2.142 times
28 Thu Mar 2024	460.55	451.00	469.00	440.95	0.359 times
22 Fri Mar 2024	450.20	443.40	466.00	430.50	1.134 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 Shilpa Medicare (SHILPAMED)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	524.45	463.60	557.70	463.05	0.999 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
31 Wed Jan 2024	368.15	329.80	374.75	313.15	1.926 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 Shilpa Medicare (SHILPAMED)

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

MACD generated a BUY signal for Shilpa Medicare in short term and the buy signal is strong.

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. Bulls are getting tired and bears are picking up momentum.

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

CCI has generated a buy signal for Shilpa Medicare in short term and BUY 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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Shilpa Medicare is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 517.22 and Shilpa Medicare (SHILPAMED) 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 Shilpa Medicare (SHILPAMED) stock. Volume based technical analysis of Shilpa Medicare (SHILPAMED) stock is negative.

Shilpa Medicare 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.