The short-term outlook is bullish for Shilpa Medicare. The stock closed over 4 per cent on Monday when the broader markets were beaten down badly. The 21-Day Moving Average (DMA), currently at ₹420 has given very good support for the stock recently. The 55-DMA is on the verge of making a bullish crossover with the 200-DMA. This strengthens the bullish case and indicates that the downside could be limited. Shilpa Medicare share price has potential to target ₹535-₹540 in the coming weeks. Traders can go buy the stock now at ₹455. Accumulate on dips at ₹440. Keep the stop-loss at ₹405 initially. Trail the stop-loss up to ₹465 as soon as the stock goes up to ₹480. Revise the stop-loss higher to ₹485 and ₹505 when the price touches ₹495 and ₹520, respectively. Exit the long positions at ₹530.

Today's Stock Recommendation: May 12, 2026

Here's an interesting stock idea: The stock idea that we have for you today is Shilpa Medicare. The stock has begun the week on a strong note by surging over 4 per cent on Monday. This rise has happened after getting good support from the 21-Day Moving Average. The outlook is bullish and the share price can rise more in the coming days. Check out the latest episode of bl.Today’s Pick to learn more.Video Credit: Businessline

(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)

Published on May 12, 2026