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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 2024-03-02 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 1875821

Date	Daily Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	423.15	421.50	428.00	417.10	0.021 times
01 Fri Mar 2024	419.30	420.00	432.00	415.60	0.49 times
29 Thu Feb 2024	416.45	413.00	419.65	405.35	0.183 times
28 Wed Feb 2024	410.65	432.00	435.45	408.30	0.332 times
27 Tue Feb 2024	430.60	433.85	440.90	427.00	0.234 times
26 Mon Feb 2024	432.10	437.30	446.95	429.15	0.451 times
23 Fri Feb 2024	437.20	450.30	454.60	435.00	0.371 times
22 Thu Feb 2024	450.35	445.00	454.40	431.90	0.842 times
21 Wed Feb 2024	441.10	426.00	454.80	416.10	2.411 times
20 Tue Feb 2024	423.10	420.00	439.00	415.35	1.653 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 431.6 as stoploss in an intra day sell trade for a target of 403.14. However, stock will show a bullish move above 431.6.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
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	405.35
Downside Target	410.00
Downside Target	415.60
Upside Target	432.00
Upside Target	446.95
Upside Target	454.80

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	403.35
Downside Intraday Target	383.55
Upside Intraday Target	444.95
Upside Intraday Target	466.75
Upside Intraday Target	425.15

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Sat Mar 2024	423.15	437.30	446.95	405.35	0.206 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
02 Sat Mar 2024	423.15	420.00	432.00	415.60	0.033 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
29 Fri Dec 2023	330.30	367.40	391.35	328.00	0.727 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short 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 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 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 above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Shilpa Medicare in short term but BUY signal is weak.

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 433.14 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.