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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 2024-12-19 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 569498

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	828.40	819.55	837.20	816.10	0.469 times
18 Wed Dec 2024	830.40	824.80	863.45	814.00	1.026 times
17 Tue Dec 2024	821.00	812.00	826.40	807.00	0.53 times
16 Mon Dec 2024	810.75	816.00	833.95	801.60	0.813 times
13 Fri Dec 2024	815.15	814.95	829.00	793.55	1.087 times
12 Thu Dec 2024	819.50	885.70	885.70	815.00	1.305 times
11 Wed Dec 2024	880.15	837.55	897.70	831.75	3.1 times
10 Tue Dec 2024	837.55	835.10	847.55	820.40	0.869 times
09 Mon Dec 2024	835.40	857.95	863.45	830.00	0.444 times
06 Fri Dec 2024	855.55	855.00	866.55	848.00	0.349 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 828.1 as stoploss in an intra day buy trade for a target of 861.63. However, stock will show a bearish move below 828.1.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	656.00
Downside Target	746.05
Downside Target	793.55
Upside Target	837.50
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	798.85
Downside Intraday Target	769.3
Upside Intraday Target	860.7
Upside Intraday Target	893
Upside Intraday Target	831.15

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	828.40	816.00	863.45	801.60	0.417 times
13 Fri Dec 2024	815.15	857.95	897.70	793.55	1.599 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

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
19 Thu Dec 2024	828.40	918.65	943.20	793.55	0.976 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 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 SELL signal for Shilpa Medicare in short term and the sell signal is strong.

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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red 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 but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 842.28 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.