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 2024-10-23 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 209707

Date	Daily Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	812.35	798.70	824.00	780.05	0.678 times
22 Tue Oct 2024	794.80	830.70	832.95	789.90	1.173 times
21 Mon Oct 2024	830.85	862.00	865.00	817.55	0.721 times
18 Fri Oct 2024	863.10	860.60	871.55	833.60	0.649 times
17 Thu Oct 2024	858.85	881.55	888.80	851.95	0.643 times
16 Wed Oct 2024	887.30	887.00	919.90	871.95	2.059 times
15 Tue Oct 2024	885.80	860.00	890.00	852.60	1.219 times
14 Mon Oct 2024	859.50	879.70	890.50	849.00	0.752 times
11 Fri Oct 2024	872.35	861.00	878.00	852.05	0.882 times
10 Thu Oct 2024	861.00	827.90	870.30	827.00	1.297 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 800.7 as stoploss in an intra day buy trade for a target of 833.25. However, stock will show a bearish move below 800.7.

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	780.05
Upside Target	833.60
Upside Target	865.00
Upside Target	875.70
Upside Target	878.00
Upside Target	919.90
Upside Target	959.50

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	773.27
Downside Intraday Target	734.18
Upside Intraday Target	858.22
Upside Intraday Target	904.08
Upside Intraday Target	819.13

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Wed Oct 2024	812.35	862.00	865.00	780.05	0.483 times
18 Fri Oct 2024	863.10	879.70	919.90	833.60	0.905 times
11 Fri Oct 2024	872.35	806.95	878.00	747.10	1.57 times
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

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
23 Wed Oct 2024	812.35	812.00	919.90	747.10	0.429 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 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 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 moving up

CCI has generated a SELL signal for Shilpa Medicare in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 857.11 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.