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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 2024-11-25 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 540877

Date	Daily Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	897.20	939.90	943.65	890.40	0.853 times
22 Fri Nov 2024	912.80	947.05	955.00	905.00	1.746 times
21 Thu Nov 2024	936.00	880.05	945.00	864.45	2.132 times
19 Tue Nov 2024	880.15	890.00	917.70	871.30	1.197 times
18 Mon Nov 2024	863.25	873.00	882.00	837.50	0.532 times
14 Thu Nov 2024	873.25	833.55	893.50	815.65	1.658 times
13 Wed Nov 2024	824.85	871.70	875.50	810.10	0.54 times
12 Tue Nov 2024	875.55	894.00	909.90	867.55	0.632 times
11 Mon Nov 2024	894.00	853.70	905.00	833.55	0.908 times
08 Fri Nov 2024	852.00	849.00	878.00	816.05	0.398 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 891.4, but if it comes below 891.4, then a intra day sell could be more profitable.
If you take a sell trade below 891.4, then use 891.4 as stoploss and 853.48 as target. However if you take a buy trade in stock , then use 891.4 as stoploss and 937 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	837.50
Downside Target	863.00
Upside Target	909.90
Upside Target	919.90
Upside Target	943.65
Upside Target	955.00
Upside Target	959.50

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	877.18
Downside Intraday Target	857.17
Upside Intraday Target	930.43
Upside Intraday Target	963.67
Upside Intraday Target	910.42

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Mon Nov 2024	897.20	939.90	943.65	890.40	0.152 times
22 Fri Nov 2024	912.80	873.00	955.00	837.50	1.5 times
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

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 Mon Nov 2024	897.20	844.50	955.00	810.00	1.306 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 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 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 tired and bears are picking up momentum.

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

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 and the buying is gaining 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 893.25 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.