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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 2024-04-29 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 604130

Date	Daily Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	536.50	549.90	554.75	532.25	0.742 times
26 Fri Apr 2024	544.05	528.25	549.00	526.15	0.62 times
25 Thu Apr 2024	530.90	531.00	533.70	527.25	0.205 times
24 Wed Apr 2024	531.10	538.00	542.40	529.10	0.4 times
23 Tue Apr 2024	535.00	536.50	542.00	529.00	0.471 times
22 Mon Apr 2024	536.30	537.95	544.05	525.15	0.493 times
19 Fri Apr 2024	534.55	523.75	541.00	515.00	0.852 times
18 Thu Apr 2024	524.45	539.10	557.70	521.05	3.171 times
16 Tue Apr 2024	540.50	503.00	544.90	502.95	1.632 times
15 Mon Apr 2024	507.25	506.00	524.10	486.80	1.437 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 536.9 as stoploss in an intra day sell trade for a target of 516.46. However, stock will show a bullish move above 536.9.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	313.15
Downside Target	328.00
Downside Target	357.55
Downside Target	374.75
Downside Target	384.50
Downside Target	454.80
Downside Target	486.80
Downside Target	515.65
Downside Target	532.25
Downside Target	534.00
Upside Target	549.00
Upside Target	554.75
Upside Target	557.70

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	527.58
Downside Intraday Target	518.67
Upside Intraday Target	550.08
Upside Intraday Target	563.67
Upside Intraday Target	541.17

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Mon Apr 2024	536.50	549.90	554.75	532.25	0.339 times
26 Fri Apr 2024	544.05	537.95	549.00	525.15	0.309 times
19 Fri Apr 2024	534.55	506.00	557.70	486.80	1.111 times
12 Fri Apr 2024	505.75	501.95	534.00	494.05	1.535 times
05 Fri Apr 2024	495.90	463.60	515.65	463.05	2.142 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
29 Mon Apr 2024	536.50	463.60	557.70	463.05	1.224 times
28 Thu Mar 2024	460.55	420.00	469.00	384.50	0.346 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

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 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 SELL signal for Shilpa Medicare in short term but the sell signal is initial and weak.

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 coming down

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 positive zone. This is a BUY 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 529.04 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.