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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 2024-02-28 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 1808746

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	410.65	432.00	435.45	408.30	0.344 times
27 Tue Feb 2024	430.60	433.85	440.90	427.00	0.242 times
26 Mon Feb 2024	432.10	437.30	446.95	429.15	0.468 times
23 Fri Feb 2024	437.20	450.30	454.60	435.00	0.385 times
22 Thu Feb 2024	450.35	445.00	454.40	431.90	0.873 times
21 Wed Feb 2024	441.10	426.00	454.80	416.10	2.501 times
20 Tue Feb 2024	423.10	420.00	439.00	415.35	1.714 times
19 Mon Feb 2024	414.35	385.05	418.00	382.45	3.147 times
16 Fri Feb 2024	379.20	374.00	384.00	372.20	0.301 times
15 Thu Feb 2024	373.25	374.10	377.45	371.20	0.132 times

My analysis of stock is bullish for shortterm, and stock might move up till 425.4 or till 460.7. Use a stoploss of 395.92 and if this stock hits its stoploss, then it can fall down till 366.47

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	296.80
Downside Target	313.15
Downside Target	328.00
Downside Target	347.50
Downside Target	357.55
Downside Target	374.75
Downside Target	382.45
Downside Target	397.00
Downside Target	408.30
Downside Target	410.00
Upside Target	446.95
Upside Target	454.80

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	396.98
Downside Intraday Target	383.32
Upside Intraday Target	435.63
Upside Intraday Target	460.62
Upside Intraday Target	421.97

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	410.65	437.30	446.95	408.30	0.122 times
23 Fri Feb 2024	437.20	385.05	454.80	382.45	7.086 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

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
28 Wed Feb 2024	410.65	365.95	454.80	357.55	2.446 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 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 Strong and stock is losing 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 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 425.93 and Shilpa Medicare (SHILPAMED) stock is trading below this level. This means that stock is falling with high volumes. 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.