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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 2024-03-06 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 618860

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	402.20	411.75	411.75	384.50	0.995 times
05 Tue Mar 2024	410.85	428.90	428.90	408.00	0.481 times
04 Mon Mar 2024	426.85	427.00	429.75	416.25	0.657 times
02 Sat Mar 2024	423.15	421.50	428.00	417.10	0.065 times
01 Fri Mar 2024	419.30	420.00	432.00	415.60	1.485 times
29 Thu Feb 2024	416.45	413.00	419.65	405.35	0.554 times
28 Wed Feb 2024	410.65	432.00	435.45	408.30	1.005 times
27 Tue Feb 2024	430.60	433.85	440.90	427.00	0.708 times
26 Mon Feb 2024	432.10	437.30	446.95	429.15	1.368 times
23 Fri Feb 2024	437.20	450.30	454.60	435.00	1.125 times

My analysis of stock is bearish for shortterm, and stock might move down till 382 or till 350.3. Use a stoploss of 408.42 and if the stock hits stoploss, then it can shoot up till 434.82

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
Upside Target	405.35
Upside Target	410.00
Upside Target	429.75
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	381.22
Downside Intraday Target	360.23
Upside Intraday Target	426.47
Upside Intraday Target	450.73
Upside Intraday Target	405.48

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	402.20	427.00	429.75	384.50	0.411 times
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

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 Wed Mar 2024	402.20	420.00	432.00	384.50	0.078 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 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 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 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 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 SELL. 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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

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 421.61 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.