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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 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.