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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.

10 day averaged volume of Shilpa Medicare is 354556

Date Daily Closing Price Open High Low Volume
01 Fri Dec 2023 357.80 367.40 367.40 356.40 0.379 times
30 Thu Nov 2023 365.40 364.65 367.65 358.00 0.517 times
29 Wed Nov 2023 364.95 368.40 372.00 361.15 0.615 times
28 Tue Nov 2023 366.70 371.45 374.70 364.90 0.637 times
24 Fri Nov 2023 368.50 379.65 381.25 367.00 0.863 times
23 Thu Nov 2023 378.25 372.70 397.00 372.25 2.947 times
22 Wed Nov 2023 370.50 374.00 378.00 369.00 0.437 times
21 Tue Nov 2023 374.40 367.35 378.00 366.20 0.669 times
20 Mon Nov 2023 367.25 376.00 378.45 364.85 1.029 times
17 Fri Nov 2023 375.90 372.00 382.00 366.20 0.77 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 360, but if it comes above 360, then a intra day buy could be more profitable.
If you take a sell trade below 360, then use 360 as stoploss and 351.3 as target. However if you take a buy trade in stock , then use 360 as stoploss and 367.35 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type Value
Downside Target 296.80
Downside Target 325.05
Downside Target 331.70
Downside Target 344.95
Downside Target 356.40
Upside Target 374.70
Upside Target 382.00
Upside Target 384.00
Upside Target 384.50
Upside Target 389.05
Upside Target 397.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type Value
Downside Intraday Target 351.23
Downside Intraday Target 344.67
Upside Intraday Target 369.53
Upside Intraday Target 381.27
Upside Intraday Target 362.97

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date Weekly Closing Price Open High Low Volume
01 Fri Dec 2023 357.80 371.45 374.70 356.40 0.361 times
24 Fri Nov 2023 368.50 376.00 397.00 364.85 0.89 times
17 Fri Nov 2023 375.90 377.00 389.05 361.10 0.803 times
10 Fri Nov 2023 373.75 360.00 384.00 348.70 2.24 times
03 Fri Nov 2023 359.20 339.00 363.90 331.70 1.431 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
01 Fri Dec 2023 357.80 367.40 367.40 356.40 0.016 times
30 Thu Nov 2023 365.40 353.60 397.00 347.50 1.875 times
31 Tue Oct 2023 354.05 361.00 366.50 296.80 0.909 times
29 Fri Sep 2023 358.60 371.30 382.00 344.95 0.278 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 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 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 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 Strong 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 BUY signal in short term but buying is losing 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 371.77 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.

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 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 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 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 Strong 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 BUY signal in short term but buying is losing 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 371.77 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.

Click here for Shilpa Medicare charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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