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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 2024-03-18 View latest technical analysis

10 day averaged volume of Indoco Remedies is 62928

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	330.90	325.95	339.70	325.00	2.148 times
15 Fri Mar 2024	325.95	330.30	339.45	324.85	0.83 times
14 Thu Mar 2024	333.50	321.05	342.75	321.05	1.319 times
13 Wed Mar 2024	322.85	348.00	350.45	318.40	2.312 times
12 Tue Mar 2024	338.35	335.40	344.00	330.40	1.118 times
11 Mon Mar 2024	335.40	342.15	346.90	333.55	0.844 times
07 Thu Mar 2024	341.65	336.30	352.35	336.30	1.176 times
06 Wed Mar 2024	339.70	343.65	346.50	338.00	1.39 times
05 Tue Mar 2024	343.65	346.90	347.65	341.30	0.372 times
04 Mon Mar 2024	346.90	354.10	355.90	345.55	0.478 times

Stock of Indoco Remedies (INDOCO) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 333.1, but if it comes above 333.1, then a intra day buy could be more profitable.
If you take a sell trade below 333.1, then use 333.1 as stoploss and 314.9 as target. However if you take a buy trade in stock , then use 333.1 as stoploss and 348.3 as target.

Share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Target	316.00
Downside Target	325.00
Upside Target	336.30
Upside Target	361.25
Upside Target	362.00
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	324.03
Downside Intraday Target	317.17
Upside Intraday Target	338.73
Upside Intraday Target	346.57
Upside Intraday Target	331.87

Weekly technical analysis of Indoco Remedies (INDOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Mar 2024	330.90	325.95	339.70	325.00	0.334 times
15 Fri Mar 2024	325.95	342.15	350.45	318.40	1.881 times
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

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
18 Mon Mar 2024	330.90	349.55	361.25	318.40	0.374 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 Strong 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling 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 333.41 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.