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Stock analysis Shilpa Medicare Limited SHILPAMED

More indepth analysis on MunafaSutra.com

Moving Averages for Shilpa Medicare Limited

  • 5Day Average: 533.57
  • 12Day Average: 523.88
  • 20Day Average: 507.26
  • 50Day Average: 454.5
  • 100Day Average: 401.94
  • 150Day Average: 385.72
  • 200Day Average: 375.62

SHILPAMED Indicators & signals

Indicator MACD (12,26,9)

521.19, 496.41, 25.61
Indicator MACD is in positive zone

Indicator ADX (14)

39.11, 22.96, 10.05
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 58
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHILPAMED Shilpa Medicare Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
25 Thu Apr 2024 530.90 527.25 to 533.70 -0.04% 0.15 times
24 Wed Apr 2024 531.10 529.10 to 542.40 -0.73% 0.3 times
23 Tue Apr 2024 535.00 529.00 to 542.00 -0.24% 0.36 times
22 Mon Apr 2024 536.30 525.15 to 544.05 0.33% 0.37 times
19 Fri Apr 2024 534.55 515.00 to 541.00 1.93% 0.64 times
18 Thu Apr 2024 524.45 521.05 to 557.70 -2.97% 2.39 times
16 Tue Apr 2024 540.50 502.95 to 544.90 6.55% 1.23 times
15 Mon Apr 2024 507.25 486.80 to 524.10 0.3% 1.09 times
12 Fri Apr 2024 505.75 501.45 to 524.20 -1.23% 0.54 times
10 Wed Apr 2024 512.05 508.80 to 526.35 -2.03% 1.27 times
09 Tue Apr 2024 522.65 506.95 to 534.00 3.28% 1.8 times
08 Mon Apr 2024 506.05 494.05 to 522.95 2.05% 1.2 times

Technical analysis forecast of Shilpa Medicare Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Shilpa Medicare Limited SHILPAMED at this time. Stock is rising and might rise more.

It appears as if Shilpa Medicare Limited SHILPAMED gave a large move recently.

Stock of Shilpa Medicare Limited (SHILPAMED) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Shilpa Medicare Limited is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 534 as stoploss in an intra day sell trade for a target of 506.78. However, stock will show a bullish move above 534.

More indepth analysis on MunafaSutra.com