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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 2024-06-03 View latest technical analysis

10 day averaged volume of Indoco Remedies is 230695

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	305.20	303.10	309.40	303.10	0.253 times
31 Fri May 2024	300.45	310.55	312.15	295.15	3.156 times
30 Thu May 2024	310.55	312.20	312.85	306.05	0.727 times
29 Wed May 2024	312.20	314.85	316.60	311.35	0.242 times
28 Tue May 2024	314.85	319.00	319.55	312.05	0.605 times
27 Mon May 2024	317.95	312.15	319.30	310.00	1.356 times
24 Fri May 2024	311.00	313.65	316.20	310.35	0.371 times
23 Thu May 2024	312.10	313.70	315.80	310.20	2.165 times
22 Wed May 2024	313.90	319.95	320.50	313.10	0.618 times
21 Tue May 2024	315.05	325.00	325.00	313.15	0.72 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 309.5, but if it comes above 309.5, then a intra day buy could be more profitable.
If you take a sell trade below 309.5, then use 309.5 as stoploss and 298.8 as target. However if you take a buy trade in stock , then use 309.5 as stoploss and 318.46 as target.

Share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Target	295.15
Downside Target	303.10
Upside Target	309.40
Upside Target	325.00
Upside Target	329.45
Upside Target	344.95
Upside Target	345.25
Upside Target	361.25
Upside Target	372.00
Upside Target	386.00

Intraday share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Intraday Target	302.4
Downside Intraday Target	299.6
Upside Intraday Target	308.7
Upside Intraday Target	312.2
Upside Intraday Target	305.9

Weekly technical analysis of Indoco Remedies (INDOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	305.20	303.10	309.40	303.10	0.042 times
31 Fri May 2024	300.45	312.15	319.55	295.15	1.571 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

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
03 Mon Jun 2024	305.20	303.10	309.40	303.10	0.015 times
31 Fri May 2024	300.45	328.10	345.25	295.15	1.657 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

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 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 309.44 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.