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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 528767

Date Daily Closing Price Open High Low Volume
02 Tue Mar 2021 368.20 369.90 372.30 366.90 0.259 times
01 Mon Mar 2021 366.50 374.00 374.00 362.25 0.221 times
25 Thu Feb 2021 377.25 368.00 384.75 368.00 0.493 times
24 Wed Feb 2021 370.80 375.15 375.85 317.00 0.143 times
23 Tue Feb 2021 373.00 368.90 376.00 365.00 0.289 times
22 Mon Feb 2021 365.90 384.70 386.05 364.35 0.645 times
19 Fri Feb 2021 384.95 404.00 404.00 382.05 1.743 times
18 Thu Feb 2021 386.00 424.85 428.00 378.00 4.372 times
17 Wed Feb 2021 424.85 425.00 429.90 418.50 0.634 times
16 Tue Feb 2021 423.50 425.00 426.70 421.00 0.37 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 379.5, but if it comes above 379.5, then a intra day buy could be more profitable.
If you take a sell trade below 379.5, then use 379.5 as stoploss and 345 as target. However if you take a buy trade in stock , then use 379.5 as stoploss and 408.23 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type Value
Downside Target 317.00
Downside Target 362.25
Upside Target 374.00
Upside Target 386.05
Upside Target 406.20
Upside Target 418.05
Upside Target 429.90
Upside Target 436.75
Upside Target 455.90
Upside Target 459.95
Upside Target 479.80
Upside Target 492.00

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type Value
Downside Intraday Target 362.3
Downside Intraday Target 356.4
Upside Intraday Target 374.05
Upside Intraday Target 379.9
Downside Intraday Target 368.15

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date Weekly Closing Price Open High Low Volume
02 Tue Mar 2021 368.20 374.00 374.00 362.25 0.306 times
25 Thu Feb 2021 377.25 384.70 386.05 317.00 0.191 times
19 Fri Feb 2021 384.95 410.00 429.90 378.00 6.981 times
12 Fri Feb 2021 430.05 430.10 436.75 425.00 0.7 times
05 Fri Feb 2021 428.05 425.00 455.90 419.10 1.781 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
02 Tue Mar 2021 368.20 374.00 374.00 362.25 0.038 times
25 Thu Feb 2021 377.25 425.00 455.90 317.00 1.78 times
29 Fri Jan 2021 422.50 450.90 459.95 418.05 0.448 times
31 Thu Dec 2020 450.30 476.80 492.00 406.20 1.12 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 8, 46, 70 Sell
MACD -32, -27Sell
Stochastics 47None
CCI -54Buy
RSI 37Sell
OBV -3440549Sell
VWAP 386Sell
ADL 0Sell
ROC -13Sell
Force Index 0Sell

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Strong and stock is gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above 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 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 386.49 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.

Click here for Shilpa Medicare charts

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