Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-03-12 View latest technical analysis

10 day averaged volume of Medico Remedies is 1355952

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	84.20	85.40	85.40	83.40	0.682 times
11 Mon Mar 2024	84.15	85.80	85.80	82.75	0.803 times
07 Thu Mar 2024	84.85	84.20	85.35	82.00	0.981 times
06 Wed Mar 2024	83.95	84.90	85.55	82.20	0.799 times
05 Tue Mar 2024	85.35	88.00	88.55	84.40	1.031 times
04 Mon Mar 2024	89.10	88.20	90.00	86.70	1.735 times
02 Sat Mar 2024	88.45	88.75	89.90	86.45	0.073 times
01 Fri Mar 2024	87.75	87.20	88.40	86.45	1.45 times
29 Thu Feb 2024	86.75	86.95	87.20	82.95	0.97 times
28 Wed Feb 2024	86.50	87.55	87.95	84.80	1.103 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 83.4 as stoploss in an intra day buy trade for a target of 85.75. However, stock will show a bearish move below 83.4.

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	82.7
Downside Intraday Target	81.2
Upside Intraday Target	85.75
Upside Intraday Target	87.3
Upside Intraday Target	84.25

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Mar 2024	84.20	85.80	85.80	82.75	0.327 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
12 Tue Mar 2024	84.20	87.20	90.00	82.00	0.633 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 weakening, and bulls are picking up momentum!

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

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 and selling is picking up 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 Medico 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 86.33 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 positive

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