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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)

10 day averaged volume of Shilpa Medicare is 350773

Date Daily Closing Price Open High Low Volume
19 Tue Nov 2024 880.15 890.00 917.70 871.30 1.846 times
18 Mon Nov 2024 863.25 873.00 882.00 837.50 0.821 times
14 Thu Nov 2024 873.25 833.55 893.50 815.65 2.556 times
13 Wed Nov 2024 824.85 871.70 875.50 810.10 0.833 times
12 Tue Nov 2024 875.55 894.00 909.90 867.55 0.974 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 868.2, but if it comes below 868.2, then a intra day sell could be more profitable.
If you take a sell trade below 868.2, then use 868.2 as stoploss and 839.1 as target. However if you take a buy trade in stock , then use 868.2 as stoploss and 903.1 as target.

Share price targets for Shilpa Medicare (SHILPAMED)

Target Type Value
Downside Target 559.00
Downside Target 656.00
Downside Target 708.60
Downside Target 746.05
Downside Target 765.10
Downside Target 797.90
Downside Target 837.50
Downside Target 878.00
Upside Target 909.90
Upside Target 917.70
Upside Target 919.90
Upside Target 959.50

Intraday share price targets for Shilpa Medicare (SHILPAMED)

Target Type Value
Downside Intraday Target 839.2
Downside Intraday Target 798.25
Upside Intraday Target 919.4
Upside Intraday Target 958.65
Downside Intraday Target 878.45

Weekly technical analysis of Shilpa Medicare (SHILPAMED)

Date Weekly Closing Price Open High Low Volume
19 Tue Nov 2024 880.15 873.00 917.70 837.50 0.463 times
14 Thu Nov 2024 873.25 853.70 909.90 810.10 3.158 times
08 Fri Nov 2024 852.00 837.90 878.00 810.00 1.286 times
01 Fri Nov 2024 842.75 802.00 863.00 802.00 1.092 times
30 Wed Oct 2024 844.65 782.50 854.00 765.10 0.434 times

Price has moved up 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
19 Tue Nov 2024 880.15 844.50 917.70 810.00 0.735 times
31 Thu Oct 2024 844.15 812.00 919.90 747.10 0.601 times
30 Mon Sep 2024 813.50 770.00 959.50 746.05 0.86 times
30 Fri Aug 2024 767.40 684.45 797.90 656.00 0.929 times

Price has moved up 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 22, 17, 14 Buy
MACD 25, 22Buy
Stochastics 61None
CCI 129Buy
RSI 56Buy
OBV 623168Sell
VWAP 869Buy
ADL 0Sell
ROC 7Buy
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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Shilpa Medicare ( (SHILPAMED) ) based on a short to mid 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 mid to longer 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.

ADX buy sell signal for Shilpa Medicare stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 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 and BUY 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

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 868.56 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 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

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