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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 2024-09-26 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 430214

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	827.40	845.05	850.25	819.05	0.443 times
25 Wed Sep 2024	843.90	825.00	848.00	816.00	0.715 times
24 Tue Sep 2024	835.90	857.90	860.00	811.20	0.367 times
23 Mon Sep 2024	856.95	872.00	875.70	852.45	0.45 times
20 Fri Sep 2024	866.65	853.40	869.40	846.55	0.521 times
19 Thu Sep 2024	848.05	912.70	923.50	835.00	1.835 times
18 Wed Sep 2024	901.90	883.00	959.50	880.15	1.765 times
17 Tue Sep 2024	880.60	895.15	901.00	872.05	0.595 times
16 Mon Sep 2024	894.70	905.20	924.00	885.05	1.227 times
13 Fri Sep 2024	882.85	890.90	920.00	870.95	1.29 times

My analysis of stock is bearish for shortterm, and stock might move down till 799 or till 748.5. Use a stoploss of 841.08 and if the stock hits stoploss, then it can shoot up till 883.17

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	417.60
Downside Target	465.00
Downside Target	556.90
Downside Target	608.00
Downside Target	656.00
Downside Target	699.90
Downside Target	746.05
Downside Target	797.90
Upside Target	835.00
Upside Target	854.10
Upside Target	875.70
Upside Target	920.00
Upside Target	959.50

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	800.5
Downside Intraday Target	773.6
Upside Intraday Target	865
Upside Intraday Target	902.6
Upside Intraday Target	838.1

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	827.40	872.00	875.70	811.20	0.332 times
20 Fri Sep 2024	866.65	905.20	959.50	835.00	1.07 times
13 Fri Sep 2024	882.85	813.15	920.00	813.15	1.097 times
06 Fri Sep 2024	810.15	770.00	854.10	746.05	0.483 times
30 Fri Aug 2024	767.40	699.90	797.90	699.90	6.156 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
26 Thu Sep 2024	827.40	770.00	959.50	746.05	0.832 times
30 Fri Aug 2024	767.40	684.45	797.90	656.00	0.929 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

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 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 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 Weak 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 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 871.25 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.