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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.

Showing technical analysis as on 2024-02-21 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 1636016

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	441.10	426.00	454.80	416.10	2.765 times
20 Tue Feb 2024	423.10	420.00	439.00	415.35	1.895 times
19 Mon Feb 2024	414.35	385.05	418.00	382.45	3.479 times
16 Fri Feb 2024	379.20	374.00	384.00	372.20	0.333 times
15 Thu Feb 2024	373.25	374.10	377.45	371.20	0.146 times
14 Wed Feb 2024	373.05	362.60	378.40	360.80	0.262 times
13 Tue Feb 2024	366.50	371.00	375.00	357.55	0.208 times
12 Mon Feb 2024	369.95	381.00	381.15	365.90	0.395 times
09 Fri Feb 2024	368.20	409.00	410.00	366.05	1.515 times
08 Thu Feb 2024	383.50	394.00	398.00	382.00	0.571 times

Stock of Shilpa Medicare (SHILPAMED) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 440, for a target of 402.2 or 370.75

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	296.80
Downside Target	313.15
Downside Target	328.00
Downside Target	338.55
Downside Target	347.50
Downside Target	357.55
Downside Target	374.75
Downside Target	382.45
Downside Target	384.00
Downside Target	391.35
Downside Target	397.00
Downside Target	410.00
Upside Target	454.80

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	397.43
Downside Intraday Target	353.77
Upside Intraday Target	469.78
Upside Intraday Target	498.47
Downside Intraday Target	426.12

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	441.10	385.05	454.80	382.45	6.052 times
16 Fri Feb 2024	379.20	381.00	384.00	357.55	0.332 times
09 Fri Feb 2024	368.20	369.45	410.00	360.00	0.908 times
02 Fri Feb 2024	368.15	331.80	382.50	316.10	12.484 times
25 Thu Jan 2024	330.75	337.15	338.55	317.00	0.298 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 Shilpa Medicare (SHILPAMED)

Date	Monthly Closing Price	Open	High	Low	Volume
21 Wed Feb 2024	441.10	365.95	454.80	357.55	2.093 times
31 Wed Jan 2024	368.15	329.80	374.75	313.15	1.926 times
29 Fri Dec 2023	330.30	367.40	391.35	328.00	0.727 times
30 Thu Nov 2023	365.40	353.60	397.00	347.50	1.875 times

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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.

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

Shilpa Medicare Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 Shilpa Medicare 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

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 409.76 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.