(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 234475
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 499.25 | 524.95 | 528.35 | 493.00 | 1.18 times |
| 16 Thu May 2024 | 522.65 | 518.65 | 529.00 | 512.00 | 1.161 times |
| 15 Wed May 2024 | 518.65 | 522.40 | 527.00 | 511.00 | 0.954 times |
| 14 Tue May 2024 | 507.20 | 505.00 | 513.95 | 490.00 | 1.054 times |
| 13 Mon May 2024 | 498.90 | 508.25 | 508.30 | 488.00 | 0.721 times |
My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 506.7, but if it comes above 506.7, then a intra day buy could be more profitable.
If you take a sell trade below 506.7, then use 506.7 as stoploss and 486 as target. However if you take a buy trade in stock , then use 506.7 as stoploss and 523.9 as target.
Share price targets for Shilpa Medicare (SHILPAMED)
| Target Type | Value |
| Downside Target | 313.15 |
| Downside Target | 357.55 |
| Downside Target | 374.75 |
| Downside Target | 384.50 |
| Downside Target | 454.80 |
| Downside Target | 486.80 |
| Upside Target | 519.90 |
| Upside Target | 540.70 |
| Upside Target | 549.00 |
| Upside Target | 556.90 |
| Upside Target | 557.70 |
| Upside Target | 561.60 |
Intraday share price targets for Shilpa Medicare (SHILPAMED)
| Target Type | Value |
| Downside Intraday Target | 481.83 |
| Downside Intraday Target | 464.42 |
| Upside Intraday Target | 522.83 |
| Upside Intraday Target | 546.42 |
| Upside Intraday Target | 505.42 |
Weekly technical analysis of Shilpa Medicare (SHILPAMED)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 499.25 | 508.25 | 529.00 | 488.00 | 1.028 times |
| 10 Fri May 2024 | 505.05 | 538.50 | 540.70 | 490.15 | 0.667 times |
| 03 Fri May 2024 | 537.05 | 549.90 | 561.60 | 519.90 | 1.311 times |
| 26 Fri Apr 2024 | 544.05 | 537.95 | 549.00 | 525.15 | 0.309 times |
| 19 Fri Apr 2024 | 534.55 | 506.00 | 557.70 | 486.80 | 1.111 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 |
| 17 Fri May 2024 | 499.25 | 549.75 | 556.90 | 488.00 | 0.233 times |
| 30 Tue Apr 2024 | 550.35 | 463.60 | 561.60 | 463.05 | 1.283 times |
| 28 Thu Mar 2024 | 460.55 | 420.00 | 469.00 | 384.50 | 0.346 times |
| 29 Thu Feb 2024 | 416.45 | 365.95 | 454.80 | 357.55 | 2.475 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 | 14, 20, 17 | Sell |
| MACD | 15, 21 | Sell |
| Stochastics | 39 | None |
| CCI | -26 | Sell |
| RSI | 45 | Sell |
| OBV | -1571471 | Sell |
| VWAP | 509 | Sell |
| ADL | 0 | Sell |
| ROC | -7 | Sell |
| Force Index | 0 | Sell |
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 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 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 SELL. Signal strength is Weak and stock is gaining momentum.
MACD generated a SELL signal for Shilpa Medicare in short term but the sell 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. 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 coming down
CCI has generated a SELL signal for Shilpa Medicare in short term and SELL signal is strong!
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 508.53 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.
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