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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 2024-11-12 View latest technical analysis

10 day averaged volume of Medico Remedies is 898260

Date	Daily Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	56.24	61.30	61.30	54.83	1.083 times
11 Mon Nov 2024	60.93	58.00	61.50	56.80	2.433 times
08 Fri Nov 2024	57.95	59.90	63.00	56.77	2.805 times
07 Thu Nov 2024	57.90	58.79	60.10	55.05	1.809 times
06 Wed Nov 2024	58.79	59.88	61.00	58.08	0.401 times
05 Tue Nov 2024	58.58	57.48	59.86	57.48	0.132 times
04 Mon Nov 2024	57.55	60.25	60.25	56.61	0.18 times
01 Fri Nov 2024	60.30	60.06	62.00	59.00	0.215 times
31 Thu Oct 2024	57.73	56.95	58.50	55.72	0.193 times
30 Wed Oct 2024	57.31	57.95	59.20	56.50	0.878 times

My analysis of stock is bearish for shortterm, and stock might move down till 51.3 or till 40.8. Use a stoploss of 60.03 and if the stock hits stoploss, then it can shoot up till 68.79

Share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Target	44.55
Downside Target	46.10
Downside Target	51.20
Downside Target	54.83
Upside Target	59.20
Upside Target	61.50
Upside Target	63.00
Upside Target	77.15
Upside Target	79.20
Upside Target	80.00
Upside Target	90.00
Upside Target	92.00

Intraday share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Intraday Target	53.55
Downside Intraday Target	50.85
Upside Intraday Target	60.22
Upside Intraday Target	64.19
Upside Intraday Target	57.52

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Tue Nov 2024	56.24	58.00	61.50	54.83	0.66 times
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

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 Nov 2024	56.24	60.06	63.00	54.83	2.861 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 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 positive zone. This is a BUY 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 58.5 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.