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(INDOCO) Indoco Remedies complete technical analysis [charts+indicators] | Buy/Sell Indoco Remedies | (INDOCO) share price targets

Complete technical analysis of Indoco Remedies (INDOCO) by charts plus indicators, forecast predictions and share price targets for Indoco Remedies (INDOCO)

Indoco Remedies trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-05-02 View latest technical analysis

10 day averaged volume of Indoco Remedies is 92121

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	331.40	328.10	334.45	326.00	1.558 times
30 Tue Apr 2024	326.95	328.00	333.00	326.00	0.936 times
29 Mon Apr 2024	325.95	331.95	334.60	324.75	1.71 times
26 Fri Apr 2024	328.60	325.70	329.95	325.10	0.457 times
25 Thu Apr 2024	324.05	331.95	332.00	323.10	2.08 times
24 Wed Apr 2024	329.00	332.75	335.65	328.20	0.949 times
23 Tue Apr 2024	329.45	329.70	334.10	328.50	0.509 times
22 Mon Apr 2024	328.00	332.95	336.55	326.85	1.07 times
19 Fri Apr 2024	330.90	329.00	335.70	328.50	0.411 times
18 Thu Apr 2024	331.85	333.00	337.95	331.00	0.718 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 327.5 as stoploss in an intra day buy trade for a target of 336.58. However, stock will show a bearish move below 327.5.

Share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Target	318.40
Upside Target	342.55
Upside Target	344.00
Upside Target	354.65
Upside Target	360.00
Upside Target	361.25
Upside Target	372.00
Upside Target	386.00
Upside Target	415.00

Intraday share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Intraday Target	325.9
Downside Intraday Target	320.4
Upside Intraday Target	335.75
Upside Intraday Target	340.1
Downside Intraday Target	330.25

Weekly technical analysis of Indoco Remedies (INDOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	331.40	331.95	334.60	324.75	0.83 times
26 Fri Apr 2024	328.60	332.95	336.55	323.10	1.851 times
19 Fri Apr 2024	330.90	340.00	344.00	328.50	0.87 times
12 Fri Apr 2024	346.75	350.90	354.65	342.55	0.255 times
05 Fri Apr 2024	349.70	329.55	372.00	329.55	4.029 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Indoco Remedies (INDOCO)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	331.40	328.10	334.45	326.00	0.06 times
30 Tue Apr 2024	326.95	329.55	372.00	323.10	1.934 times
28 Thu Mar 2024	328.65	349.55	361.25	318.40	0.584 times
29 Thu Feb 2024	349.20	372.20	386.00	329.45	0.49 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Indoco Remedies (INDOCO)

Price action analysis of Indoco Remedies ( (INDOCO) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Indoco Remedies ( (INDOCO) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Indoco Remedies ( (INDOCO) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

Price action analysis of Indoco Remedies ( (INDOCO) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Indoco Remedies stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Indoco Remedies in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Indoco Remedies Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indoco Remedies in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Indoco Remedies is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 327.86 and Indoco Remedies (INDOCO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Indoco Remedies (INDOCO) stock. Volume based technical analysis of Indoco Remedies (INDOCO) stock is negative.

Indoco Remedies Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.