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

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

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Medico Remedies is 1293919

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	83.95	84.90	85.55	82.20	0.837 times
05 Tue Mar 2024	85.35	88.00	88.55	84.40	1.081 times
04 Mon Mar 2024	89.10	88.20	90.00	86.70	1.818 times
02 Sat Mar 2024	88.45	88.75	89.90	86.45	0.076 times
01 Fri Mar 2024	87.75	87.20	88.40	86.45	1.52 times
29 Thu Feb 2024	86.75	86.95	87.20	82.95	1.017 times
28 Wed Feb 2024	86.50	87.55	87.95	84.80	1.156 times
27 Tue Feb 2024	88.00	88.95	88.95	85.20	1.106 times
26 Mon Feb 2024	88.50	87.60	90.00	83.80	0.999 times
23 Fri Feb 2024	87.15	88.50	88.60	85.75	0.707 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 82.8 as stoploss in an intra day buy trade for a target of 85.48. However, stock will show a bearish move below 82.8.

Share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Target	72.20
Downside Target	74.70
Downside Target	77.15
Downside Target	79.00
Downside Target	82.20
Upside Target	86.70
Upside Target	89.00
Upside Target	90.00
Upside Target	92.00
Upside Target	92.95

Intraday share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Intraday Target	80.77
Downside Intraday Target	77.58
Upside Intraday Target	88.57
Upside Intraday Target	93.18
Upside Intraday Target	85.38

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	83.95	88.20	90.00	82.20	0.636 times
02 Sat Mar 2024	88.45	87.60	90.00	82.95	1.837 times
23 Fri Feb 2024	87.15	81.90	89.00	79.40	1.974 times
16 Fri Feb 2024	81.90	84.00	84.00	77.15	0.631 times
09 Fri Feb 2024	83.55	83.30	86.70	79.00	1.457 times

Price has moved down 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 Medico Remedies (MEDICO)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	83.95	87.20	90.00	82.20	0.426 times
29 Thu Feb 2024	86.75	82.50	90.00	77.15	1.536 times
31 Wed Jan 2024	82.45	83.00	92.00	79.20	1.147 times
29 Fri Dec 2023	83.80	78.90	92.95	74.70	1.772 times

Scroll below to view daily charts

Price has moved down 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 Medico Remedies (MEDICO)

Price action analysis of Medico Remedies ( (MEDICO) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Medico Remedies ( (MEDICO) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Medico Remedies ( (MEDICO) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Medico Remedies ( (MEDICO) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Medico Remedies stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Medico Remedies in short term but the sell signal is initial and weak.

Medico Remedies Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Medico Remedies in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Medico Remedies is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 87.25 and Medico Remedies (MEDICO) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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

Medico 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.