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(ShilpaMedic) Shilpa Medic complete technical analysis [charts+indicators] | Buy/Sell Shilpa Medic | (ShilpaMedic) share price targets

Complete technical analysis of Shilpa Medic (ShilpaMedic) by charts plus indicators, forecast predictions and share price targets for Shilpa Medic (ShilpaMedic)

10 day averaged volume of Shilpa Medic is 32097

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 502.75 521.60 523.00 498.50 1.203 times
06 Mon May 2024 521.60 536.00 540.80 513.00 0.937 times
03 Fri May 2024 535.40 556.55 556.55 520.20 1.341 times
02 Thu May 2024 553.90 553.25 556.50 543.35 1.168 times
30 Tue Apr 2024 550.70 539.60 561.15 539.60 1.156 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 510, but if it comes above 510, then a intra day buy could be more profitable.
If you take a sell trade below 510, then use 510 as stoploss and 490.3 as target. However if you take a buy trade in stock , then use 510 as stoploss and 526.38 as target.

Share price targets for Shilpa Medic (ShilpaMedic)

Target Type Value
Downside Target 313.55
Downside Target 357.95
Downside Target 375.00
Downside Target 384.80
Downside Target 455.00
Downside Target 486.95
Upside Target 520.20
Upside Target 540.80
Upside Target 548.90
Upside Target 556.55
Upside Target 558.00
Upside Target 561.15

Intraday share price targets for Shilpa Medic (ShilpaMedic)

Target Type Value
Downside Intraday Target 487.23
Downside Intraday Target 471.72
Upside Intraday Target 529.53
Upside Intraday Target 556.32
Upside Intraday Target 514.02

Weekly technical analysis of Shilpa Medic (ShilpaMedic)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 502.75 536.00 540.80 498.50 0.441 times
03 Fri May 2024 535.40 550.00 561.15 520.20 1.102 times
26 Fri Apr 2024 545.50 539.35 548.90 525.40 0.489 times
19 Fri Apr 2024 534.55 501.05 558.00 486.95 1.584 times
12 Fri Apr 2024 504.60 490.05 533.90 490.05 0.874 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 Medic (ShilpaMedic)

Date Monthly Closing Price Open High Low Volume
07 Tue May 2024 502.75 553.25 556.55 498.50 0.167 times
30 Tue Apr 2024 550.70 461.30 561.15 461.30 1.475 times
28 Thu Mar 2024 461.35 420.00 468.65 384.80 0.355 times
29 Thu Feb 2024 417.10 367.75 455.00 357.95 2.285 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 Medic (ShilpaMedic)

Indicator Name Indicator Value Indicator Signal
ADX 16, 21, 14 Sell
MACD 36, 44Sell
Stochastics 23Sell
CCI -207Sell
RSI 51Buy
OBV 84819Sell
VWAP 534Sell
ADL 0Sell
ROC -6Sell
Force Index 0Sell

Price action analysis of Shilpa Medic ( (ShilpaMedic) ) 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 Medic ( (ShilpaMedic) ) based on a short 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 Medic ( (ShilpaMedic) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Shilpa Medic ( (ShilpaMedic) ) 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 Medic stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Shilpa Medic in short term but the sell signal is initial and weak.

Shilpa Medic 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 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 Medic 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 Medic is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 534.24 and Shilpa Medic (ShilpaMedic) 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 Medic (ShilpaMedic) stock. Volume based technical analysis of Shilpa Medic (ShilpaMedic) stock is negative.

Shilpa Medic 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.

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