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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 2024-03-07 View latest technical analysis

10 day averaged volume of Indoco Remedies is 53211

Date	Daily Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	341.65	336.30	352.35	336.30	1.39 times
06 Wed Mar 2024	339.70	343.65	346.50	338.00	1.643 times
05 Tue Mar 2024	343.65	346.90	347.65	341.30	0.44 times
04 Mon Mar 2024	346.90	354.10	355.90	345.55	0.565 times
02 Sat Mar 2024	354.85	350.00	361.25	346.25	0.191 times
01 Fri Mar 2024	346.15	349.55	352.35	344.80	0.504 times
29 Thu Feb 2024	349.20	352.90	354.60	344.50	1.077 times
28 Wed Feb 2024	351.10	362.30	362.45	350.00	1.32 times
27 Tue Feb 2024	361.30	369.45	370.50	358.10	1.35 times
26 Mon Feb 2024	369.20	379.00	379.00	368.25	1.162 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 344.2, but if it comes above 344.2, then a intra day buy could be more profitable.
If you take a sell trade below 344.2, then use 344.2 as stoploss and 329.7 as target. However if you take a buy trade in stock , then use 344.2 as stoploss and 356.36 as target.

Share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Target	316.00
Downside Target	329.45
Downside Target	336.30
Upside Target	344.50
Upside Target	355.90
Upside Target	370.00
Upside Target	379.00
Upside Target	380.75
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	333.33
Downside Intraday Target	325.02
Upside Intraday Target	352.93
Upside Intraday Target	364.22
Upside Intraday Target	344.62

Weekly technical analysis of Indoco Remedies (INDOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Thu Mar 2024	341.65	354.10	355.90	336.30	0.721 times
02 Sat Mar 2024	354.85	379.00	379.00	344.50	0.952 times
23 Fri Feb 2024	374.80	364.00	380.75	357.60	0.329 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

Price has moved down 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
07 Thu Mar 2024	341.65	349.55	361.25	336.30	0.119 times
29 Thu Feb 2024	349.20	372.20	386.00	329.45	0.49 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

Scroll below to view daily charts

Price has moved down 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 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 Indoco Remedies ( (INDOCO) ) 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Indoco Remedies in short term and the sell signal is strong.

Indoco 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 buy signal for Indoco Remedies 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Indoco 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 350.42 and Indoco Remedies (INDOCO) 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 Indoco Remedies (INDOCO) stock. Volume based technical analysis of Indoco Remedies (INDOCO) stock is negative.

Indoco 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.