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(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 2024-04-15 View latest technical analysis

10 day averaged volume of Medico Remedies is 278760

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	46.95	47.45	47.45	44.50	1.417 times
12 Fri Apr 2024	46.80	47.75	47.95	45.70	0.237 times
10 Wed Apr 2024	47.10	48.35	48.35	46.60	1.258 times
09 Tue Apr 2024	47.95	48.50	48.50	47.00	0.472 times
08 Mon Apr 2024	48.00	48.15	48.50	47.55	2.111 times
05 Fri Apr 2024	47.55	48.50	48.50	46.20	1.688 times
04 Thu Apr 2024	48.10	47.90	48.35	47.10	0.221 times
03 Wed Apr 2024	47.30	48.20	49.00	46.70	0.687 times
02 Tue Apr 2024	48.20	49.20	49.20	47.80	1.028 times
01 Mon Apr 2024	49.45	47.20	50.10	47.00	1.348 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 34.4 as stoploss in an intra day buy trade for a target of 173.54. However, stock will show a bearish move below 34.4.

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	44.50
Downside Target	45.70
Upside Target	47.45
Upside Target	50.10
Upside Target	291.35
Upside Target	297.65
Upside Target	314.00
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	45.15
Downside Intraday Target	43.35
Upside Intraday Target	48.1
Upside Intraday Target	49.25
Downside Intraday Target	46.3

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	46.95	47.45	47.45	44.50	0.347 times
12 Fri Apr 2024	46.80	48.15	48.50	45.70	0.82 times
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

Price has moved up 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	46.95	47.20	50.10	44.50	11.04 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 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_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 neutral. A longer time frame might give a better analysis.

Price action analysis of Medico Remedies ( (MEDICO_BE) ) based on a mid to longer 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.

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.

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 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 moving up

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

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 47.81 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.