SHILPAMED breaked a descending triangle in hourly charts. waiting for a retest to enter if retest is successful then our 1st target would be 620 and then 640 respectively.
SHILPAMED (NIFTY_500 ) Closing Price of 14/05/2021 has crossed all the major simple moving averages including 5, 10,15,20,50,100 Days.
The closing price is hovering near to its 200 days daily moving average which also act as major resistant for the stock.
There are very good chances that it would cross the 200 days SMA and can show a good rally.
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