Diwali Picks 2026 : Buy Shilpa Medicare Ltd For Target Rs.1230 - 1335 by Prabhudas Lilladher Ltd
Shilpa Medicare Ltd
Buy Shilpa Medicare Ltd CMP (Rs) 907 Target (Rs) 1230 - 1335 Stoploss (Rs) 765
The stock has indicated a strong uptrend in the last 7-8 months with recently having witnessed a short period of correction taking support near the 820 zone and with a decent revival visible has once again improved the outlook to anticipate for another fresh round of upward move in the coming days. The RSI has corrected well from the overbought zone to arrive near the oversold zone with currently having indicated a positive trend reversal to signal a buy. The chart is technically well positioned and with upside potential visible, we suggest to buy and accumulate the stock for the upside targets of 1230 and 1335 levels keeping the stop loss of 765 level.
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