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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 2024-05-02 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 578384

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	554.35	549.75	556.90	544.00	0.491 times
30 Tue Apr 2024	550.35	557.95	561.60	542.20	1.032 times
29 Mon Apr 2024	536.50	549.90	554.75	532.25	0.775 times
26 Fri Apr 2024	544.05	528.25	549.00	526.15	0.648 times
25 Thu Apr 2024	530.90	531.00	533.70	527.25	0.214 times
24 Wed Apr 2024	531.10	538.00	542.40	529.10	0.418 times
23 Tue Apr 2024	535.00	536.50	542.00	529.00	0.492 times
22 Mon Apr 2024	536.30	537.95	544.05	525.15	0.515 times
19 Fri Apr 2024	534.55	523.75	541.00	515.00	0.89 times
18 Thu Apr 2024	524.45	539.10	557.70	521.05	3.312 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 541.6, but if it comes below 541.6, then a intra day sell could be more profitable.
If you take a sell trade below 541.6, then use 541.6 as stoploss and 523.92 as target. However if you take a buy trade in stock , then use 541.6 as stoploss and 562.7 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	313.15
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	544.00
Downside Target	549.00
Upside Target	556.90
Upside Target	557.70
Upside Target	561.60

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	537.2
Downside Intraday Target	520.05
Upside Intraday Target	566.55
Upside Intraday Target	578.75
Downside Intraday Target	549.4

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	554.35	549.90	561.60	532.25	1.005 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 up 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 Thu May 2024	554.35	549.75	556.90	544.00	0.022 times
30 Tue Apr 2024	550.35	463.60	561.60	463.05	1.283 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

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 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 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.

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 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 534.45 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 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 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.