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

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

Indoco Remedies trades in NSE in Pharmaceuticals sector.

Showing technical analysis as on 2024-02-22 View latest technical analysis

10 day averaged volume of Indoco Remedies is 118173

Date	Daily Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	376.60	360.35	380.75	358.20	0.986 times
21 Wed Feb 2024	361.35	363.75	366.70	357.60	0.366 times
20 Tue Feb 2024	362.55	365.05	366.90	361.15	0.234 times
19 Mon Feb 2024	365.05	364.00	370.00	362.20	0.278 times
16 Fri Feb 2024	366.95	368.00	377.25	363.10	0.627 times
15 Thu Feb 2024	372.10	364.15	375.00	361.05	0.77 times
14 Wed Feb 2024	363.35	339.00	386.00	335.90	4.904 times
13 Tue Feb 2024	343.20	339.95	346.00	329.45	0.905 times
12 Mon Feb 2024	337.55	351.30	353.05	336.00	0.85 times
09 Fri Feb 2024	349.55	353.00	353.35	344.80	0.517 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 371.7, but if it comes below 371.7, then a intra day sell could be more profitable.
If you take a sell trade below 371.7, then use 371.7 as stoploss and 361.85 as target. However if you take a buy trade in stock , then use 371.7 as stoploss and 383.5 as target.

Share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Target	308.30
Downside Target	316.00
Downside Target	329.45
Downside Target	344.80
Downside Target	356.00
Upside Target	380.75
Upside Target	381.40
Upside Target	386.00
Upside Target	412.55
Upside Target	415.00

Intraday share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Intraday Target	362.55
Downside Intraday Target	348.5
Upside Intraday Target	385.7
Upside Intraday Target	394.8
Downside Intraday Target	371.65

Weekly technical analysis of Indoco Remedies (INDOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	376.60	364.00	380.75	357.60	0.231 times
16 Fri Feb 2024	366.95	351.30	386.00	329.45	2.27 times
09 Fri Feb 2024	349.55	365.15	369.00	344.80	0.61 times
02 Fri Feb 2024	364.90	365.00	381.40	363.30	0.515 times
25 Thu Jan 2024	364.15	383.00	415.00	360.00	0.893 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 Indoco Remedies (INDOCO)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Thu Feb 2024	376.60	372.20	386.00	329.45	0.408 times
31 Wed Jan 2024	372.30	395.90	415.00	360.00	0.788 times
29 Fri Dec 2023	395.20	362.00	412.55	362.00	2.216 times
30 Thu Nov 2023	362.55	318.80	370.00	316.00	0.77 times

Scroll below to view daily charts

Price has moved up this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.

Indicators analysis of Indoco Remedies (INDOCO)

Price action analysis of Indoco Remedies ( (INDOCO) ) 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 Indoco Remedies ( (INDOCO) ) 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 Indoco Remedies ( (INDOCO) ) based on a short to mid 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 Indoco Remedies ( (INDOCO) ) 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 Indoco Remedies stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Indoco 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.

Indoco 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Indoco Remedies in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Indoco 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 360.89 and Indoco Remedies (INDOCO) 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 Indoco Remedies (INDOCO) stock. Volume based technical analysis of Indoco Remedies (INDOCO) stock is negative.

Indoco Remedies Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.