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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 2024-11-11 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 138492

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	894.00	853.70	905.00	833.55	3.545 times
08 Fri Nov 2024	852.00	849.00	878.00	816.05	1.556 times
07 Thu Nov 2024	844.05	846.95	875.50	840.00	1.004 times
06 Wed Nov 2024	846.70	838.85	850.00	835.00	0.859 times
05 Tue Nov 2024	833.55	815.50	844.40	810.00	0.56 times
04 Mon Nov 2024	819.20	837.90	837.90	813.10	0.643 times
01 Fri Nov 2024	842.75	844.50	863.00	838.00	0.305 times
31 Thu Oct 2024	844.15	844.65	852.10	827.15	1.783 times
30 Wed Oct 2024	844.65	802.00	854.00	802.00	1.505 times
29 Tue Oct 2024	799.75	803.30	818.80	788.50	0.819 times

Stock of Shilpa Medicare (SHILPAMED) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 905.5, for a target of 868.2 or 837.05

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	833.55
Downside Target	863.00
Downside Target	878.00
Upside Target	905.00
Upside Target	919.90
Upside Target	959.50

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	850.03
Downside Intraday Target	806.07
Upside Intraday Target	921.48
Upside Intraday Target	948.97
Downside Intraday Target	877.52

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Nov 2024	894.00	853.70	905.00	833.55	0.767 times
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

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
11 Mon Nov 2024	894.00	844.50	905.00	810.00	0.247 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 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 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 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 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 buy signal for Shilpa Medicare in short term and BUY signal is strong.

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 854.72 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.