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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 2024-12-12 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 574739

Date	Daily Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	819.50	885.70	885.70	815.00	1.293 times
11 Wed Dec 2024	880.15	837.55	897.70	831.75	3.072 times
10 Tue Dec 2024	837.55	835.10	847.55	820.40	0.861 times
09 Mon Dec 2024	835.40	857.95	863.45	830.00	0.44 times
06 Fri Dec 2024	855.55	855.00	866.55	848.00	0.346 times
05 Thu Dec 2024	853.75	865.10	877.25	847.00	0.473 times
04 Wed Dec 2024	868.50	895.00	895.00	861.10	1.18 times
03 Tue Dec 2024	890.80	905.80	928.00	880.80	0.781 times
02 Mon Dec 2024	899.90	918.65	943.20	893.60	1.437 times
29 Fri Nov 2024	898.05	903.00	908.00	890.20	0.682 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 809.9, for a target of 845.5 or 875.22

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	656.00
Downside Target	746.05
Downside Target	797.90
Upside Target	837.50
Upside 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	790.43
Downside Intraday Target	761.37
Upside Intraday Target	873.13
Upside Intraday Target	926.77
Upside Intraday Target	844.07

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Thu Dec 2024	819.50	857.95	897.70	815.00	1.344 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 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
12 Thu Dec 2024	819.50	918.65	943.20	815.00	0.7 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 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 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.

Shilpa Medicare Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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

CCI has generated a SELL signal for Shilpa Medicare in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 868.73 and Shilpa Medicare (SHILPAMED) stock is trading below this level. This means that stock is falling with high volumes. 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.