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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 2024-12-27 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 421009

Date	Daily Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	768.95	770.00	779.00	759.50	0.886 times
26 Thu Dec 2024	765.35	767.00	778.00	758.85	0.392 times
24 Tue Dec 2024	766.65	780.15	786.00	765.05	0.424 times
23 Mon Dec 2024	778.20	814.90	818.95	765.00	1.386 times
20 Fri Dec 2024	813.15	832.00	844.30	799.85	0.724 times
19 Thu Dec 2024	828.40	819.55	837.20	816.10	0.634 times
18 Wed Dec 2024	830.40	824.80	863.45	814.00	1.387 times
17 Tue Dec 2024	821.00	812.00	826.40	807.00	0.717 times
16 Mon Dec 2024	810.75	816.00	833.95	801.60	1.1 times
13 Fri Dec 2024	815.15	814.95	829.00	793.55	1.47 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 790.6, but if it comes above 790.6, then a intra day buy could be more profitable.
If you take a sell trade below 790.6, then use 790.6 as stoploss and 741 as target. However if you take a buy trade in stock , then use 790.6 as stoploss and 831.86 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	656.00
Downside Target	746.05
Upside Target	793.55
Upside Target	847.00
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	745.55
Downside Intraday Target	722.15
Upside Intraday Target	805.65
Upside Intraday Target	842.35
Upside Intraday Target	782.25

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Fri Dec 2024	768.95	814.90	818.95	758.85	0.677 times
20 Fri Dec 2024	813.15	816.00	863.45	799.85	0.496 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

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
27 Fri Dec 2024	768.95	918.65	943.20	758.85	1.174 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 SELL signal for Shilpa Medicare in short term and the sell signal is strong.

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 red color and prices are below the red 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 SELL signal in short term and selling is picking up 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 803.66 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.