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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 2024-05-28 View latest technical analysis

10 day averaged volume of Indoco Remedies is 189594

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	314.85	319.00	319.55	312.05	0.736 times
27 Mon May 2024	317.95	312.15	319.30	310.00	1.65 times
24 Fri May 2024	311.00	313.65	316.20	310.35	0.451 times
23 Thu May 2024	312.10	313.70	315.80	310.20	2.635 times
22 Wed May 2024	313.90	319.95	320.50	313.10	0.751 times
21 Tue May 2024	315.05	325.00	325.00	313.15	0.876 times
18 Sat May 2024	321.70	323.70	324.00	317.30	0.049 times
17 Fri May 2024	320.30	326.55	330.00	317.10	0.768 times
16 Thu May 2024	321.80	329.20	334.90	317.00	1.279 times
15 Wed May 2024	327.55	331.25	335.60	325.05	0.354 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 315.3, but if it comes above 315.3, then a intra day buy could be more profitable.
If you take a sell trade below 315.3, then use 315.3 as stoploss and 305.4 as target. However if you take a buy trade in stock , then use 315.3 as stoploss and 323.62 as target.

Share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Target	310.00
Upside Target	340.70
Upside Target	344.95
Upside Target	345.25
Upside Target	360.00
Upside Target	361.25
Upside Target	372.00
Upside Target	386.00
Upside Target	415.00

Intraday share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Intraday Target	310.05
Downside Intraday Target	305.25
Upside Intraday Target	319.6
Upside Intraday Target	324.35
Downside Intraday Target	314.8

Weekly technical analysis of Indoco Remedies (INDOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	314.85	312.15	319.55	310.00	0.506 times
24 Fri May 2024	311.00	325.00	325.00	310.20	1.225 times
18 Sat May 2024	321.70	321.55	345.25	315.55	1.204 times
10 Fri May 2024	320.05	340.70	344.95	318.40	1.064 times
03 Fri May 2024	337.70	331.95	340.70	324.75	1.221 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
28 Tue May 2024	314.85	328.10	345.25	310.00	1.259 times
30 Tue Apr 2024	326.95	329.55	372.00	323.10	1.934 times
28 Thu Mar 2024	328.65	349.55	361.25	318.40	0.584 times
29 Thu Feb 2024	349.20	372.20	386.00	329.45	0.49 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 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 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 BUY. Signal strength is Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 coming down

CCI has generated a SELL signal for Indoco Remedies in short term and SELL 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

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 316.26 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.