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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 2024-10-25 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 202612

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	782.50	807.00	811.00	774.90	1.602 times
24 Thu Oct 2024	801.25	812.35	819.45	777.80	0.916 times
23 Wed Oct 2024	812.35	798.70	824.00	780.05	0.702 times
22 Tue Oct 2024	794.80	830.70	832.95	789.90	1.214 times
21 Mon Oct 2024	830.85	862.00	865.00	817.55	0.746 times
18 Fri Oct 2024	863.10	860.60	871.55	833.60	0.672 times
17 Thu Oct 2024	858.85	881.55	888.80	851.95	0.666 times
16 Wed Oct 2024	887.30	887.00	919.90	871.95	2.131 times
15 Tue Oct 2024	885.80	860.00	890.00	852.60	1.262 times
14 Mon Oct 2024	859.50	879.70	890.50	849.00	0.778 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 794, but if it comes above 794, then a intra day buy could be more profitable.
If you take a sell trade below 794, then use 794 as stoploss and 752.2 as target. However if you take a buy trade in stock , then use 794 as stoploss and 828.87 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	774.90
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	749.93
Downside Intraday Target	717.37
Upside Intraday Target	840.03
Upside Intraday Target	897.57
Upside Intraday Target	807.47

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	782.50	862.00	865.00	774.90	0.941 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
25 Fri Oct 2024	782.50	812.00	919.90	747.10	0.491 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 SELL signal in short term but selling 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 839.35 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.