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Shilpa Medicare Limited

SHILPAMED.NS Technical Analysis Summary (NSE)

Analyze SHILPAMED.NS on the NSE with RSI, MACD, ADX, Bollinger Bands, support, resistance, momentum, and the latest technical trading signals.

SHILPAMED.NS●NSE
HealthcareDrug Manufacturers - Specialty & Generic
₹610.00
₹3.80(0.63%)
Indian Market is Open · 12:46

Disclaimer for Technical Analysis Page

The technical indicators and trading signals shown on this page are for informational purposes only and do not constitute financial advice. Stock market investments involve risk, and past performance is not a guarantee of future results. Always conduct your own research or consult a licensed financial advisor before making investment decisions.Read our Full Disclaimer

SHILPAMED.NS Technical Analysis Summary (NSE)

Shilpa Medicare Limited (NSE: SHILPAMED.NS) stock currently shows a bullish trend on the NSE, supported by momentum and strong buying pressure.

Overall Sentiment:Buy
Momentum:Neutral to Bullish (RSI: 56.71)
Trend Strength:Very Strong (ADX: 46.10)
Volatility:Medium (ATR: 23.89)
Support/Resistance:$578.60 – $650.17 (Bollinger Bands)

Technical conditions suggest Shilpa Medicare Limited on the NSE is awaiting a decisive move. Overall, Shilpa Medicare Limited shows bullish strength, supported by steady momentum and volume.

Momentum Indicators

RSI (14): 56.71

Bullish
Above midpoint suggests upward bias.

Stochastic %K: 35.60

Bearish
Momentum remains weak below midpoint.

Williams %R: -47.50

Neutral
Balanced market without strong signals.

Rate of Change (ROC): 3.47

Bullish
Steady upward momentum.

Takeaway:Shilpa Medicare Limited shows neutral momentum, with indicators pointing to indecision.

Trend & Volatility

MACD: 16.56

Bullish
Bullish, trend momentum is strengthening.

ADX: 46.10

Very Strong
Very strong trend, powerful directional momentum.

ATR (14): 23.89

Rising
Rising volatility, market activity increasing.

CCI (14): -32.34

Bearish
Bearish, momentum remains under pressure.

Takeaway:Shilpa Medicare Limited shows a firm trend supported by momentum, though one signal suggests caution.

Support & Resistance indicators
Bollinger Bands
Upper Band
$650.17
Middle Band (SMA 20)
$614.39
Lower Band
$578.60
Current Position
Within Bands

Takeaway:Shilpa Medicare Limited trades closer to support, showing weaker momentum within bands.

Keltner Channels
Upper Channel
$656.01
Middle Line (EMA 20)
$608.22
Lower Channel
$560.43
Squeeze Status
Squeeze On

Takeaway:Shilpa Medicare Limited trades around the middle line, reflecting balanced price action.

Volume & Money Flow Analysis
On-Balance Volume25.20M
Money Flow Index72.08Bullish, inflows support continued momentum.
Relative Vigor Index60.86Bullish, price momentum strongly favors buyers.

Overall Takeaway:SHILPAMED.NS shows bullish money flow, with volume and vigor supporting buyers.

Technical Trading Signals Summary
Based on the current technical analysis of Shilpa Medicare Limited (NSE: SHILPAMED.NS), here are the key trading signals and recommendations:

Bullish Signals

RSI above 50 → positive momentum from buyers.

MACD above 0 → bullish trend confirmation.

ADX above 20 → strong underlying trend.

MFI below 80 → room for more buying without overbought risk.

Bearish Signals

MACD below signal line → short-term caution on momentum.

Overall Recommendation:Technical indicators for Shilpa Medicare Limited are mixed, suggesting a Hold or wait-and-see approach.

(NSE: SHILPAMED.NS) Technical Analysis FAQ