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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 2024-03-22 View latest technical analysis

10 day averaged volume of Medico Remedies is 1299583

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	48.75	57.45	59.85	46.20	6.346 times
21 Thu Mar 2024	57.75	72.00	72.00	57.75	2.623 times
20 Wed Mar 2024	72.15	71.00	74.00	70.00	1.059 times
19 Tue Mar 2024	73.55	77.80	80.00	71.20	0.464 times
18 Mon Mar 2024	77.80	79.65	79.65	77.10	0.412 times
15 Fri Mar 2024	79.65	77.40	80.00	76.00	0.96 times
14 Thu Mar 2024	77.75	78.45	79.80	74.50	1.14 times
13 Wed Mar 2024	78.85	83.75	84.40	77.35	0.768 times
12 Tue Mar 2024	84.20	85.40	85.40	83.40	0.711 times
11 Mon Mar 2024	84.15	85.80	85.80	82.75	0.838 times

Stock of Medico Remedies (MEDICO) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 57.5, for a target of 69.9 or 80.19

Share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Target	46.20
Upside Target	72.20
Upside Target	74.50
Upside Target	77.15
Upside Target	79.20
Upside 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	36.63
Downside Intraday Target	24.52
Upside Intraday Target	70.43
Upside Intraday Target	92.12
Upside Intraday Target	58.32

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	48.75	79.65	80.00	46.20	2.468 times
15 Fri Mar 2024	79.65	85.80	85.80	74.50	0.931 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Medico Remedies (MEDICO)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	48.75	87.20	90.00	46.20	1.74 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, and volume has increased substantially. This means that the move can 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 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 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 gaining momentum.

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

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 red color and prices are below the red 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 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 62.63 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.