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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 2024-06-04 View latest technical analysis

10 day averaged volume of Indoco Remedies is 235592

Date	Daily Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	298.30	305.20	308.70	286.60	0.718 times
03 Mon Jun 2024	305.20	303.10	309.40	303.10	0.247 times
31 Fri May 2024	300.45	310.55	312.15	295.15	3.09 times
30 Thu May 2024	310.55	312.20	312.85	306.05	0.712 times
29 Wed May 2024	312.20	314.85	316.60	311.35	0.237 times
28 Tue May 2024	314.85	319.00	319.55	312.05	0.592 times
27 Mon May 2024	317.95	312.15	319.30	310.00	1.328 times
24 Fri May 2024	311.00	313.65	316.20	310.35	0.363 times
23 Thu May 2024	312.10	313.70	315.80	310.20	2.12 times
22 Wed May 2024	313.90	319.95	320.50	313.10	0.605 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 296.4, for a target of 307.5 or 316.66

Share price targets for Indoco Remedies (INDOCO)

Target Type	Value
Downside Target	286.60
Downside Target	295.15
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	286.8
Downside Intraday Target	275.3
Upside Intraday Target	309.6
Upside Intraday Target	320.9
Downside Intraday Target	298.1

Weekly technical analysis of Indoco Remedies (INDOCO)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Tue Jun 2024	298.30	303.10	309.40	286.60	0.162 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 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
04 Tue Jun 2024	298.30	303.10	309.40	286.60	0.057 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 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 gaining 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 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 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 308.24 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.