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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 2024-11-08 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 149408

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	852.00	849.00	878.00	816.05	1.442 times
07 Thu Nov 2024	844.05	846.95	875.50	840.00	0.93 times
06 Wed Nov 2024	846.70	838.85	850.00	835.00	0.796 times
05 Tue Nov 2024	833.55	815.50	844.40	810.00	0.519 times
04 Mon Nov 2024	819.20	837.90	837.90	813.10	0.596 times
01 Fri Nov 2024	842.75	844.50	863.00	838.00	0.283 times
31 Thu Oct 2024	844.15	844.65	852.10	827.15	1.652 times
30 Wed Oct 2024	844.65	802.00	854.00	802.00	1.395 times
29 Tue Oct 2024	799.75	803.30	818.80	788.50	0.759 times
28 Mon Oct 2024	803.30	782.50	819.00	765.10	0.896 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 864.1 as stoploss in an intra day sell trade for a target of 835.32. However, stock will show a bullish move above 864.1.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	559.00
Downside Target	656.00
Downside Target	708.60
Downside Target	746.05
Downside Target	765.10
Downside Target	797.90
Downside Target	833.60
Upside Target	863.00
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	815.33
Downside Intraday Target	778.67
Upside Intraday Target	883.33
Upside Intraday Target	914.67
Downside Intraday Target	846.67

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	852.00	837.90	878.00	810.00	0.859 times
01 Fri Nov 2024	842.75	782.50	863.00	765.10	0.71 times
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

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
08 Fri Nov 2024	852.00	844.50	878.00	810.00	0.144 times
31 Thu Oct 2024	844.15	812.00	919.90	747.10	0.576 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

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 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 short 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 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 Weak and stock is losing 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Shilpa Medicare in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Shilpa Medicare is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 835.83 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.