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(MEP_BE) Mep Infra complete technical analysis [charts+indicators] | Buy/Sell Mep Infra | (MEP_BE) share price targets

Complete technical analysis of Mep Infra (MEP_BE) by charts plus indicators, forecast predictions and share price targets for Mep Infra (MEP_BE)

10 day averaged volume of Mep Infra is 1368833

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	8.15	7.80	8.15	7.80	0.267 times
29 Mon Apr 2024	7.80	7.95	8.00	7.60	0.593 times
26 Fri Apr 2024	8.00	8.40	8.40	8.00	0.542 times
25 Thu Apr 2024	8.40	8.45	9.00	8.30	0.298 times
24 Wed Apr 2024	8.65	8.50	8.65	8.25	1.042 times
23 Tue Apr 2024	8.25	7.85	8.25	7.50	2.592 times
22 Mon Apr 2024	7.90	8.25	8.55	7.90	1.043 times
19 Fri Apr 2024	8.30	8.20	8.50	8.20	0.871 times
18 Thu Apr 2024	8.60	8.90	9.20	8.60	0.853 times
16 Tue Apr 2024	9.05	9.15	9.65	8.95	1.145 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 8.1 as stoploss in an intra day buy trade for a target of 9.53. However, stock will show a bearish move below 8.1.

Share price targets for Mep Infra (MEP_BE)

Target Type	Value
Downside Target	7.50
Downside Target	8.15
Upside Target	9.00
Upside Target	9.50
Upside Target	10.20
Upside Target	10.55
Upside Target	12.55
Upside Target	13.60
Upside Target	15.05
Upside Target	15.95
Upside Target	17.15
Upside Target	20.60
Upside Target	22.25

Intraday share price targets for Mep Infra (MEP_BE)

Target Type	Value
Downside Intraday Target	7.78
Downside Intraday Target	7.42
Upside Intraday Target	8.33
Upside Intraday Target	8.52
Downside Intraday Target	7.97

Weekly technical analysis of Mep Infra (MEP_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	8.15	7.95	8.15	7.60	0.156 times
26 Fri Apr 2024	8.00	8.25	9.00	7.50	1.418 times
19 Fri Apr 2024	8.30	10.20	10.20	8.20	1.043 times
12 Fri Apr 2024	9.90	10.05	10.55	9.50	1.011 times
05 Fri Apr 2024	10.55	10.95	12.55	10.55	1.809 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 Mep Infra (MEP_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
30 Tue Apr 2024	8.15	10.95	12.55	7.50	3.196 times
28 Thu Mar 2024	11.50	15.10	15.95	10.55	0.803 times
29 Thu Feb 2024	15.10	21.00	22.25	15.05	0.636 times
30 Tue Jan 2024	15.85	15.50	17.15	13.60	5.539 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 Mep Infra (MEP_BE)

Price action analysis of Mep Infra ( (MEP_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 Mep Infra ( (MEP_BE) ) 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 Mep Infra ( (MEP_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 Mep Infra ( (MEP_BE) ) 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 Mep Infra stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mep Infra 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.

Mep Infra 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 buy signal for Mep Infra in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying 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 Mep Infra is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.35 and Mep Infra (MEP_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 Mep Infra (MEP_BE) stock. Volume based technical analysis of Mep Infra (MEP_BE) stock is negative.

Mep Infra 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.