Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-15 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 523223

Date	Daily Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	443.10	437.00	447.95	420.40	0.921 times
14 Thu Mar 2024	439.40	405.35	442.00	404.60	1.301 times
13 Wed Mar 2024	405.35	406.60	416.70	397.95	1.978 times
12 Tue Mar 2024	404.55	411.25	413.40	394.00	0.857 times
11 Mon Mar 2024	410.15	422.95	423.00	406.05	0.442 times
07 Thu Mar 2024	421.85	404.05	429.00	404.05	1.064 times
06 Wed Mar 2024	402.20	411.75	411.75	384.50	1.177 times
05 Tue Mar 2024	410.85	428.90	428.90	408.00	0.568 times
04 Mon Mar 2024	426.85	427.00	429.75	416.25	0.777 times
02 Sat Mar 2024	423.15	421.50	428.00	417.10	0.077 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 436.9, but if it comes below 436.9, then a intra day sell could be more profitable.
If you take a sell trade below 436.9, then use 436.9 as stoploss and 423.13 as target. However if you take a buy trade in stock , then use 436.9 as stoploss and 453.4 as target.

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	429.75
Upside Target	446.95
Upside Target	447.95
Upside Target	454.80

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	408.75
Downside Intraday Target	374.4
Upside Intraday Target	462.7
Upside Intraday Target	482.3
Downside Intraday Target	428.35

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Fri Mar 2024	443.10	422.95	447.95	394.00	1.533 times
07 Thu Mar 2024	421.85	427.00	429.75	384.50	0.585 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

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
15 Fri Mar 2024	443.10	420.00	447.95	384.50	0.195 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 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 to mid term time period is neutral. A longer time frame might give a better analysis.

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 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 417.96 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.