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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 2024-11-12 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 174196

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	875.55	894.00	909.90	867.55	1.961 times
11 Mon Nov 2024	894.00	853.70	905.00	833.55	2.818 times
08 Fri Nov 2024	852.00	849.00	878.00	816.05	1.237 times
07 Thu Nov 2024	844.05	846.95	875.50	840.00	0.798 times
06 Wed Nov 2024	846.70	838.85	850.00	835.00	0.683 times
05 Tue Nov 2024	833.55	815.50	844.40	810.00	0.445 times
04 Mon Nov 2024	819.20	837.90	837.90	813.10	0.511 times
01 Fri Nov 2024	842.75	844.50	863.00	838.00	0.242 times
31 Thu Oct 2024	844.15	844.65	852.10	827.15	1.417 times
30 Wed Oct 2024	844.65	802.00	854.00	802.00	1.197 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 866.9, but if it comes below 866.9, then a intra day sell could be more profitable.
If you take a sell trade below 866.9, then use 866.9 as stoploss and 836.53 as target. However if you take a buy trade in stock , then use 866.9 as stoploss and 903.4 as target.

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
Upside Target	878.00
Upside Target	909.90
Upside Target	919.90
Upside Target	959.50

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	836.1
Downside Intraday Target	796.65
Upside Intraday Target	912.45
Upside Intraday Target	949.35
Downside Intraday Target	873

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	875.55	853.70	909.90	833.55	1.301 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
12 Tue Nov 2024	875.55	844.50	909.90	810.00	0.319 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 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 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 tired and bears are picking up momentum.

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

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 but buying is losing 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 861.5 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.