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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 2024-04-22 View latest technical analysis

10 day averaged volume of Medico Remedies is 353255

Date	Daily Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	48.35	48.20	48.70	45.80	0.895 times
19 Fri Apr 2024	48.20	47.95	49.00	46.15	0.284 times
18 Thu Apr 2024	47.90	48.20	49.10	46.60	2.551 times
16 Tue Apr 2024	48.40	46.00	49.00	45.30	1.322 times
15 Mon Apr 2024	46.95	47.45	47.45	44.50	1.118 times
12 Fri Apr 2024	46.80	47.75	47.95	45.70	0.187 times
10 Wed Apr 2024	47.10	48.35	48.35	46.60	0.992 times
09 Tue Apr 2024	47.95	48.50	48.50	47.00	0.372 times
08 Mon Apr 2024	48.00	48.15	48.50	47.55	1.666 times
05 Fri Apr 2024	47.55	48.50	48.50	46.20	1.332 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 -3.9 as stoploss in an intra day buy trade for a target of 118.66. However, stock will show a bearish move below -3.9.

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	44.50
Downside Target	45.70
Downside Target	47.80
Upside Target	50.10
Upside Target	50.80
Upside Target	291.35
Upside Target	293.50
Upside Target	297.65
Upside Target	337.50
Upside Target	345.00
Upside Target	346.85

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	46.53
Downside Intraday Target	44.72
Upside Intraday Target	49.43
Upside Intraday Target	50.52
Downside Intraday Target	47.62

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Mon Apr 2024	48.35	48.20	48.70	45.80	0.17 times
19 Fri Apr 2024	48.20	47.45	49.10	44.50	1.639 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

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
22 Mon Apr 2024	48.35	47.20	50.10	44.50	17.791 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 up 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 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 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_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 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 moving up

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 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 47.79 and Medico Remedies (MEDICO_BE) 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_BE) stock. Volume based technical analysis of Medico Remedies (MEDICO_BE) 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.