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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 2024-12-11 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 446111

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	880.15	837.55	897.70	831.75	3.957 times
10 Tue Dec 2024	837.55	835.10	847.55	820.40	1.11 times
09 Mon Dec 2024	835.40	857.95	863.45	830.00	0.567 times
06 Fri Dec 2024	855.55	855.00	866.55	848.00	0.446 times
05 Thu Dec 2024	853.75	865.10	877.25	847.00	0.609 times
04 Wed Dec 2024	868.50	895.00	895.00	861.10	1.52 times
03 Tue Dec 2024	890.80	905.80	928.00	880.80	1.007 times
02 Mon Dec 2024	899.90	918.65	943.20	893.60	1.852 times
29 Fri Nov 2024	898.05	903.00	908.00	890.20	0.878 times
28 Thu Nov 2024	894.80	902.00	923.90	890.65	0.939 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, and stock might move up till 904.8 or till 937. Use a stoploss of 878.02 and if this stock hits its stoploss, then it can fall down till 851.22

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	656.00
Downside Target	746.05
Downside Target	797.90
Downside Target	837.50
Downside Target	879.15
Upside Target	897.70
Upside Target	919.90
Upside Target	943.20
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	834.47
Downside Intraday Target	788.78
Upside Intraday Target	911.77
Upside Intraday Target	943.38
Downside Intraday Target	866.08

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	880.15	857.95	897.70	820.40	1.037 times
06 Fri Dec 2024	855.55	918.65	943.20	847.00	1.022 times
29 Fri Nov 2024	898.05	939.90	943.65	879.15	0.782 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

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 Wed Dec 2024	880.15	918.65	943.20	820.40	0.609 times
29 Fri Nov 2024	898.05	844.50	955.00	810.00	1.709 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

Scroll below to view daily charts

Price has moved down 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 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 term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

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

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 SELL signal for Shilpa Medicare in short term but the sell signal is initial and weak.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

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

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 877 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 falling down

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 has given negative 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.