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 2024-08-01 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 327937

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	688.20	684.45	739.40	682.85	2.39 times
31 Wed Jul 2024	681.00	703.95	703.95	677.00	0.693 times
30 Tue Jul 2024	701.40	672.35	708.60	667.00	2.396 times
29 Mon Jul 2024	672.35	669.70	684.90	660.00	0.61 times
26 Fri Jul 2024	665.55	675.00	684.90	662.35	1.857 times
25 Thu Jul 2024	662.40	668.05	675.00	656.30	0.528 times
24 Wed Jul 2024	672.05	647.00	675.00	641.60	0.924 times
23 Tue Jul 2024	643.45	648.00	674.90	625.25	1.159 times
22 Mon Jul 2024	644.00	630.10	649.00	616.10	0.698 times
19 Fri Jul 2024	630.10	645.00	647.40	619.85	0.615 times

Stock of Shilpa Medicare (SHILPAMED) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 681.7, but if it comes below 681.7, then a intra day sell could be more profitable.
If you take a sell trade below 681.7, then use 681.7 as stoploss and 657.61 as target. However if you take a buy trade in stock , then use 681.7 as stoploss and 710.7 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	417.60
Downside Target	463.05
Downside Target	556.90
Downside Target	608.00
Downside Target	660.00
Downside Target	677.00
Downside Target	682.85
Downside Target	684.90
Downside Target	685.00
Upside Target	708.60
Upside Target	739.40

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	652.33
Downside Intraday Target	616.47
Upside Intraday Target	731.73
Upside Intraday Target	775.27
Upside Intraday Target	695.87

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Aug 2024	688.20	669.70	739.40	660.00	1.179 times
26 Fri Jul 2024	665.55	630.10	684.90	616.10	2.862 times
19 Fri Jul 2024	630.10	659.90	661.60	619.85	0.309 times
12 Fri Jul 2024	658.60	663.00	685.00	628.05	0.39 times
05 Fri Jul 2024	660.20	569.80	677.00	559.00	2.809 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
01 Thu Aug 2024	688.20	684.45	739.40	682.85	0.076 times
31 Wed Jul 2024	681.00	569.80	708.60	559.00	1.263 times
28 Fri Jun 2024	569.60	498.00	608.00	417.60	1.234 times
31 Fri May 2024	485.60	549.75	556.90	465.00	0.508 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 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 tired and bears are picking up momentum.

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 673.7 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.