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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 2024-11-08 View latest technical analysis

10 day averaged volume of Medico Remedies is 877663

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	57.95	59.90	63.00	56.77	2.871 times
07 Thu Nov 2024	57.90	58.79	60.10	55.05	1.852 times
06 Wed Nov 2024	58.79	59.88	61.00	58.08	0.41 times
05 Tue Nov 2024	58.58	57.48	59.86	57.48	0.135 times
04 Mon Nov 2024	57.55	60.25	60.25	56.61	0.185 times
01 Fri Nov 2024	60.30	60.06	62.00	59.00	0.22 times
31 Thu Oct 2024	57.73	56.95	58.50	55.72	0.198 times
30 Wed Oct 2024	57.31	57.95	59.20	56.50	0.899 times
29 Tue Oct 2024	57.00	54.00	57.99	52.71	0.975 times
28 Mon Oct 2024	53.83	49.35	54.25	46.10	1.169 times

Stock of Medico Remedies (MEDICO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 51.7 or till 39.4. Use a stoploss of 62 and if the stock hits stoploss, then it can shoot up till 72.27

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	62.00
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	54.33
Downside Intraday Target	50.72
Upside Intraday Target	62.28
Upside Intraday Target	66.62
Upside Intraday Target	58.67

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	57.95	60.25	63.00	55.05	1.576 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, 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
08 Fri Nov 2024	57.95	60.06	63.00	55.05	1.751 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, 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 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 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 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 Weak and stock is losing 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 tired and bears are picking up momentum.

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

CCI has generated a buy signal for Medico Remedies in short term and BUY 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 57.32 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.