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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 2024-10-04 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 247379

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	802.30	809.50	835.45	791.00	1.198 times
03 Thu Oct 2024	805.70	830.00	830.00	786.90	0.728 times
01 Tue Oct 2024	835.70	812.00	839.95	806.05	0.672 times
30 Mon Sep 2024	813.50	805.05	824.00	795.75	0.577 times
27 Fri Sep 2024	807.30	825.00	835.40	802.40	0.492 times
26 Thu Sep 2024	827.40	845.05	850.25	819.05	0.77 times
25 Wed Sep 2024	843.90	825.00	848.00	816.00	1.244 times
24 Tue Sep 2024	835.90	857.90	860.00	811.20	0.639 times
23 Mon Sep 2024	856.95	872.00	875.70	852.45	0.782 times
20 Fri Sep 2024	866.65	853.40	869.40	846.55	0.906 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 816.4, but if it comes above 816.4, then a intra day buy could be more profitable.
If you take a sell trade below 816.4, then use 816.4 as stoploss and 778.7 as target. However if you take a buy trade in stock , then use 816.4 as stoploss and 847.76 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	417.60
Downside Target	559.00
Downside Target	608.00
Downside Target	656.00
Downside Target	708.60
Downside Target	746.05
Downside Target	786.90
Upside Target	835.00
Upside Target	839.95
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	779.48
Downside Intraday Target	756.67
Upside Intraday Target	832.53
Upside Intraday Target	862.77
Upside Intraday Target	809.72

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	802.30	805.05	839.95	786.90	0.809 times
27 Fri Sep 2024	807.30	872.00	875.70	802.40	0.38 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

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
04 Fri Oct 2024	802.30	812.00	839.95	786.90	0.078 times
30 Mon Sep 2024	813.50	770.00	959.50	746.05	0.86 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

Scroll below to view daily charts

Price has moved down 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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 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 SELL. Signal strength is Weak and stock is losing 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 weakening, and bulls are picking up momentum!

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 buy signal for Shilpa Medicare in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 830.7 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.