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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 2025-01-24 View latest technical analysis

10 day averaged volume of Shilpa Medicare is 222405

Date	Daily Closing Price	Open	High	Low	Volume
24 Fri Jan 2025	789.35	809.05	813.40	782.10	0.761 times
23 Thu Jan 2025	813.25	786.00	824.40	786.00	0.811 times
22 Wed Jan 2025	801.15	809.90	809.90	782.75	0.933 times
21 Tue Jan 2025	799.40	838.40	842.20	794.05	1.012 times
20 Mon Jan 2025	835.15	811.00	837.00	806.95	0.731 times
17 Fri Jan 2025	805.85	798.00	810.20	778.70	0.68 times
16 Thu Jan 2025	793.70	777.95	805.65	776.15	0.74 times
15 Wed Jan 2025	776.25	783.90	794.00	764.75	0.721 times
14 Tue Jan 2025	779.10	738.05	781.75	735.35	1.098 times
13 Mon Jan 2025	733.75	770.00	778.70	724.00	1.443 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 778.4 as stoploss in an intra day buy trade for a target of 804.79. However, stock will show a bearish move below 778.4.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Target	724.00
Downside Target	746.05
Upside Target	810.00
Upside Target	842.20
Upside Target	848.00
Upside Target	852.45
Upside Target	919.90
Upside Target	943.20
Upside Target	955.00
Upside Target	959.50

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type	Value
Downside Intraday Target	766.9
Downside Intraday Target	744.45
Upside Intraday Target	827
Upside Intraday Target	864.65
Upside Intraday Target	804.55

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Fri Jan 2025	789.35	811.00	842.20	782.10	0.907 times
17 Fri Jan 2025	805.85	770.00	810.20	724.00	0.756 times
10 Fri Jan 2025	777.15	839.45	848.00	773.60	0.699 times
03 Fri Jan 2025	839.45	796.00	852.45	768.95	1.514 times
27 Fri Dec 2024	768.95	814.90	818.95	758.85	0.677 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
24 Fri Jan 2025	789.35	818.80	852.45	724.00	0.408 times
31 Tue Dec 2024	815.50	918.65	943.20	758.85	1.301 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

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 gaining momentum.

MACD generated a BUY signal for Shilpa Medicare in short term but the buy signal is initial and weak.

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. Bulls are getting tired and bears 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 but SELL signal is weak.

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

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 787.95 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 negative.

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