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Stock analysis Shilpa Medicare Limited SHILPAMED

More indepth analysis on MunafaSutra.com

Moving Averages for Shilpa Medicare Limited

  • 5Day Average: 806.29
  • 12Day Average: 830.38
  • 20Day Average: 828.43
  • 50Day Average: 820.88
  • 100Day Average: 731.08
  • 150Day Average: 658.06
  • 200Day Average: 592.83

SHILPAMED Indicators & signals

Indicator MACD (12,26,9)

821.79, 824.19, 2.14
Indicator MACD is in negative zone

Indicator ADX (14)

1.2, 17.91, 17.49
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 52
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
30 Wed Oct 2024 844.65 802.00 to 854.00 5.61% 1.04 times
29 Tue Oct 2024 799.75 788.50 to 818.80 -0.44% 0.57 times
28 Mon Oct 2024 803.30 765.10 to 819.00 2.66% 0.67 times
25 Fri Oct 2024 782.50 774.90 to 811.00 -2.34% 1.62 times
24 Thu Oct 2024 801.25 777.80 to 819.45 -1.37% 0.93 times
23 Wed Oct 2024 812.35 780.05 to 824.00 2.21% 0.71 times
22 Tue Oct 2024 794.80 789.90 to 832.95 -4.34% 1.23 times
21 Mon Oct 2024 830.85 817.55 to 865.00 -3.74% 0.76 times
18 Fri Oct 2024 863.10 833.60 to 871.55 0.49% 0.68 times
17 Thu Oct 2024 858.85 851.95 to 888.80 -3.21% 0.67 times
16 Wed Oct 2024 887.30 871.95 to 919.90 0.17% 2.16 times
15 Tue Oct 2024 885.80 852.60 to 890.00 3.06% 1.28 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, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

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 860.8 as stoploss in an intra day sell trade for a target of 825.21. However, stock will show a bullish move above 860.8.

More indepth analysis on MunafaSutra.com