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

(MEDICO_BE) Medico Remedies complete technical analysis [charts+indicators] | Buy/Sell Medico Remedies | (MEDICO_BE) share price targets

Complete technical analysis of Medico Remedies (MEDICO_BE) by charts plus indicators, forecast predictions and share price targets for Medico Remedies (MEDICO_BE)

Showing technical analysis as on 2024-04-05 View latest technical analysis

10 day averaged volume of Medico Remedies is 142919

Date	Daily Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	47.55	48.50	48.50	46.20	3.293 times
04 Thu Apr 2024	48.10	47.90	48.35	47.10	0.431 times
03 Wed Apr 2024	47.30	48.20	49.00	46.70	1.341 times
02 Tue Apr 2024	48.20	49.20	49.20	47.80	2.005 times
01 Mon Apr 2024	49.45	47.20	50.10	47.00	2.63 times
28 Thu Mar 2024	48.10	50.80	50.80	47.80	1.85 times
27 Mon Feb 2023	340.10	340.00	345.00	331.00	0.518 times
24 Fri Feb 2023	333.05	331.50	338.70	325.00	1.034 times
23 Thu Feb 2023	327.95	328.00	329.25	324.00	0.06 times
22 Wed Feb 2023	326.90	330.00	330.00	322.00	0.037 times

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

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 114, but if it comes above 114, then a intra day buy could be more profitable.
If you take a sell trade below 114, then use 114 as stoploss and -36.6 as target. However if you take a buy trade in stock , then use 114 as stoploss and 239.45 as target.

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	46.20
Upside Target	47.80
Upside Target	50.10
Upside Target	291.35
Upside Target	314.00
Upside Target	318.00
Upside Target	325.60
Upside Target	337.50
Upside Target	338.70
Upside Target	345.00
Upside Target	346.85

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	45.8
Downside Intraday Target	44.05
Upside Intraday Target	49.7
Upside Intraday Target	51.85
Upside Intraday Target	47.95

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	47.55	47.20	50.10	46.20	4.098 times
28 Thu Mar 2024	48.10	340.00	345.00	47.80	1.628 times
24 Fri Feb 2023	333.05	321.15	338.70	314.00	1.113 times
17 Fri Feb 2023	321.15	297.65	325.60	297.65	1.383 times
10 Fri Feb 2023	311.45	313.95	318.00	301.95	1.281 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
05 Fri Apr 2024	47.55	47.20	50.10	46.20	5.245 times
28 Thu Mar 2024	48.10	50.80	50.80	47.80	0.402 times
27 Mon Feb 2023	340.10	320.90	345.00	297.65	0.903 times
31 Tue Jan 2023	317.00	331.25	346.85	293.50	0.838 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_BE)

Price action analysis of Medico Remedies ( (MEDICO_BE) ) 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_BE) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Medico Remedies ( (MEDICO_BE) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 weakening, and bulls 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 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 84 and Medico Remedies (MEDICO_BE) 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_BE) stock. Volume based technical analysis of Medico Remedies (MEDICO_BE) 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.