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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 2024-03-11 View latest technical analysis

10 day averaged volume of Medico Remedies is 1376423

Date	Daily Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	84.15	85.80	85.80	82.75	0.791 times
07 Thu Mar 2024	84.85	84.20	85.35	82.00	0.966 times
06 Wed Mar 2024	83.95	84.90	85.55	82.20	0.787 times
05 Tue Mar 2024	85.35	88.00	88.55	84.40	1.016 times
04 Mon Mar 2024	89.10	88.20	90.00	86.70	1.709 times
02 Sat Mar 2024	88.45	88.75	89.90	86.45	0.072 times
01 Fri Mar 2024	87.75	87.20	88.40	86.45	1.429 times
29 Thu Feb 2024	86.75	86.95	87.20	82.95	0.956 times
28 Wed Feb 2024	86.50	87.55	87.95	84.80	1.086 times
27 Tue Feb 2024	88.00	88.95	88.95	85.20	1.039 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 83.2 as stoploss in an intra day buy trade for a target of 85.66. However, stock will show a bearish move below 83.2.

Share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Target	72.20
Downside Target	74.70
Downside Target	77.15
Downside Target	79.20
Downside Target	82.00
Upside Target	85.80
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	82.67
Downside Intraday Target	81.18
Upside Intraday Target	85.72
Upside Intraday Target	87.28
Upside Intraday Target	84.23

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Mon Mar 2024	84.15	85.80	85.80	82.75	0.177 times
07 Thu Mar 2024	84.85	88.20	90.00	82.00	0.811 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

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
11 Mon Mar 2024	84.15	87.20	90.00	82.00	0.576 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 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 Medico Remedies ( (MEDICO) ) based on a short to mid 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 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 Medico Remedies stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

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

Medico Remedies Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 buy signal for Medico Remedies in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 86.66 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.