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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 2024-11-14 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 205389

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	873.25	833.55	893.50	815.65	4.366 times
13 Wed Nov 2024	824.85	871.70	875.50	810.10	1.422 times
12 Tue Nov 2024	875.55	894.00	909.90	867.55	1.664 times
11 Mon Nov 2024	894.00	853.70	905.00	833.55	2.39 times
08 Fri Nov 2024	852.00	849.00	878.00	816.05	1.049 times
07 Thu Nov 2024	844.05	846.95	875.50	840.00	0.677 times
06 Wed Nov 2024	846.70	838.85	850.00	835.00	0.579 times
05 Tue Nov 2024	833.55	815.50	844.40	810.00	0.378 times
04 Mon Nov 2024	819.20	837.90	837.90	813.10	0.433 times
01 Fri Nov 2024	842.75	844.50	863.00	838.00	0.206 times

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

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 863.1, but if it comes below 863.1, then a intra day sell could be more profitable.
If you take a sell trade below 863.1, then use 863.1 as stoploss and 834.13 as target. However if you take a buy trade in stock , then use 863.1 as stoploss and 897.8 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	833.60
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	818.93
Downside Intraday Target	764.62
Upside Intraday Target	918.73
Upside Intraday Target	964.22
Downside Intraday Target	864.42

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	873.25	853.70	909.90	810.10	3.158 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Monthly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	873.25	844.50	909.90	810.00	0.57 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 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 864.32 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.