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Price and trend forecast of SHILPAMED for Tomorrow, Weekly, Monthly

Shilpa Medicare Limited

Symbol: NSE:SHILPAMED

ISIN: INE790G01031

356.00

As on 2025-10-17

342.00 (52W Low) 1,000.00 (52W High)

SHILPAMED's Today's Performance

Shilpa Medicare Limited started the day by opening at 355.45 today 2025-10-17. Its shares reached a high of 358.75 and dipped to a low of 348.15 in intraday. When the markets closed, SHILPAMED’s stock price settled at ₹356.00 per share. Also check out its key support and resistance levels.

SHILPAMED Buy/Sell Targets

Tomorrow, sell SHILPAMED when its price reaches ₹ 356.00 with a stop-loss order at ₹ 362.28. You can set the target price as ₹ 349.72 to capture potential gains. This sell position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of SHILPAMED for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for SHILPAMED

Downside Targets Value in ₹
Tomorrow Down Target 1 360
Tomorrow Down Target 2 365
Tomorrow Down Target 3 371

Important Levels for SHILPAMED

Holding Levels Value in ₹
Tomorrow Up Target 1 350
Tomorrow Up Target 2 344
Tomorrow Up Target 3 339
Based on where the stock opens tomorrow, if SHILPAMED opens on a positive note, our first target will be ₹360. If Target 1 is achieved, we will aim for Target 2 which is ₹365.

But if SHILPAMED falls below the average value of ₹354.30, you can enter a sell side position with target number 1 - ₹350 and second target - ₹344 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of SHILPAMED

Looking at SHILPAMED, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, SHILPAMED has been on a Downward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for SHILPAMED is moderate bearish.

Tomorrow's Volume based share price Forecast for SHILPAMED

SHILPAMED's Volume is currently in a Decreasing trend, and Price is in a Downward direction. Therefore, we can say the stock is in a moderate bearish trend. Volume trend strength over the last month compared to the last week is 2%.

Reversal detection for SHILPAMED

Predicted trend chart of SHILPAMED tomorrow for price forecast
SHILPAMED may trend may continue to be bearish since stock is making lower low and we can get target of ₹358 in morning tomorrow
Target 1 tomorrow358
Target 2 tomorrow361
Target 3 tomorrow365
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with SHILPAMED's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if SHILPAMED opens on a positive note, our first target will be ₹360.45. If Target 1 is achieved, we will aim for Target 2 which is ₹364.90.

But if SHILPAMED falls below the average value of ₹354.30, you can enter a sell side position with target number 1 - ₹349.85 and second target - ₹343.70

SHILPAMED's Weekly Targets
1st Up Target 369.10
2nd Up Target 382.20
1st Down Target 342.45
2nd Down Target 328.90

As the week for SHILPAMED ended on bearish sentiments, we can expect further continuation of this sentiment. SHILPAMED's initial target will be 369.10 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 342.45 in the upcoming week.

Weekly OHLC Values
Open 363.20
High 368.65
Low 342.00
Close 356.00

Week for SHILPAMED started with an open price of 363.20, and the close was at 356.00. SHILPAMED reached the highest of 368.65 and dipped lowest up to 342.00 last week. This indicates a bearish sentiment for the week.

SHILPAMED full month swing targets
Monthly Up Target 1 395.75
Monthly Up Target 2 408.85
Monthly Down Target 1 315.80
Monthly Down Target 2 275.60

Targets of ₹395.75 can be expected to be reached in the coming month. Once SHILPAMED achieved this target, we can aim for the next upside target of ₹408.85.

SHILPAMED if fails to hold upside, down targets of ₹315.80 and ₹275.60 can be achieved by end of this month.

For complete three weeks if SHILPAMED is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as SHILPAMED

Symbol Name Industry
SUNPHARMA Sun Pharmaceutical Industries Limited Drug Manufacturers - Specialty & Generic
CIPLA Cipla Limited Drug Manufacturers - General
DRREDDY Dr. Reddy's Laboratories Limited Drug Manufacturers - Specialty & Generic
ZYDUSLIFE Zydus Lifesciences Limited Drug Manufacturers - Specialty & Generic
APOLLOHOSP Apollo Hospitals Enterprise Limited Medical Care Facilities

Summary

SHILPAMED is expected to reach the target of 360.45 in tomorrow's trading session.

After achieving the initial target in SHILPAMED, we will aim for higher targets of 364.90 tomorrow.

However, if SHILPAMED starts to trade below ₹354.30, then we will shift our focus to the sell side and aim for down targets of 349.85 and 343.70.