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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 2024-11-07 View latest technical analysis

10 day averaged volume of Medico Remedies is 1001715

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	57.90	58.79	60.10	55.05	1.623 times
06 Wed Nov 2024	58.79	59.88	61.00	58.08	0.359 times
05 Tue Nov 2024	58.58	57.48	59.86	57.48	0.119 times
04 Mon Nov 2024	57.55	60.25	60.25	56.61	0.162 times
01 Fri Nov 2024	60.30	60.06	62.00	59.00	0.193 times
31 Thu Oct 2024	57.73	56.95	58.50	55.72	0.173 times
30 Wed Oct 2024	57.31	57.95	59.20	56.50	0.788 times
29 Tue Oct 2024	57.00	54.00	57.99	52.71	0.854 times
28 Mon Oct 2024	53.83	49.35	54.25	46.10	1.024 times
27 Wed Mar 2024	50.30	46.00	51.20	44.55	3.468 times

My analysis of stock is bearish for shortterm, and stock might move down till 52 or till 38.5. Use a stoploss of 63.31 and if the stock hits stoploss, then it can shoot up till 74.6

Share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Target	44.55
Downside Target	46.10
Downside Target	51.20
Downside Target	55.05
Upside Target	59.20
Upside Target	61.00
Upside Target	74.50
Upside Target	77.15
Upside Target	79.20
Upside Target	80.00
Upside Target	85.80
Upside Target	90.00
Upside Target	92.00

Intraday share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Intraday Target	54.97
Downside Intraday Target	52.03
Upside Intraday Target	60.92
Upside Intraday Target	63.93
Upside Intraday Target	57.98

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Nov 2024	57.90	60.25	61.00	55.05	0.746 times
01 Fri Nov 2024	60.30	49.35	62.00	46.10	0.479 times
27 Wed Mar 2024	50.30	48.75	51.20	44.55	0.447 times
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

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
07 Thu Nov 2024	57.90	60.06	62.00	55.05	0.865 times
31 Thu Oct 2024	57.73	49.35	59.20	46.10	0.082 times
27 Wed Mar 2024	50.30	87.20	90.00	44.55	2.132 times
29 Thu Feb 2024	86.75	82.50	90.00	77.15	1.536 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 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 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 BUY signal for Medico Remedies in short term but the buy signal is initial and weak.

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

Medico Remedies Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls 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 but SELL 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

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 54.36 and Medico Remedies (MEDICO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.