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(MEDICO) Medico Remedies complete technical analysis [charts+indicators] | Buy/Sell Medico Remedies | (MEDICO) share price targets

Complete technical analysis of Medico Remedies (MEDICO) by charts plus indicators, forecast predictions and share price targets for Medico Remedies (MEDICO)

Showing technical analysis as on 2024-10-31 View latest technical analysis

10 day averaged volume of Medico Remedies is 2318148

Date	Daily Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	57.73	56.95	58.50	55.72	0.075 times
30 Wed Oct 2024	57.31	57.95	59.20	56.50	0.34 times
29 Tue Oct 2024	57.00	54.00	57.99	52.71	0.369 times
28 Mon Oct 2024	53.83	49.35	54.25	46.10	0.442 times
27 Wed Mar 2024	50.30	46.00	51.20	44.55	1.499 times
26 Tue Mar 2024	46.55	48.75	49.75	45.20	1.236 times
22 Fri Mar 2024	48.75	57.45	59.85	46.20	3.558 times
21 Thu Mar 2024	57.75	72.00	72.00	57.75	1.471 times
20 Wed Mar 2024	72.15	71.00	74.00	70.00	0.594 times
19 Tue Mar 2024	73.55	77.80	80.00	71.20	0.26 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 55.9 as stoploss in an intra day buy trade for a target of 70.03. However, stock will show a bearish move below 55.9.

Share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Target	44.55
Downside Target	46.10
Downside Target	51.20
Upside Target	59.20
Upside Target	74.50
Upside Target	77.15
Upside Target	79.20
Upside Target	82.00
Upside Target	85.80
Upside Target	90.00
Upside Target	92.00
Upside Target	92.95

Intraday share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Intraday Target	49.49
Downside Intraday Target	41.24
Upside Intraday Target	62.59
Upside Intraday Target	67.44
Downside Intraday Target	54.34

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	57.73	49.35	59.20	46.10	0.449 times
27 Wed Mar 2024	50.30	48.75	51.20	44.55	0.447 times
22 Fri Mar 2024	48.75	79.65	80.00	46.20	2.468 times
15 Fri Mar 2024	79.65	85.80	85.80	74.50	0.931 times
07 Thu Mar 2024	84.85	88.20	90.00	82.00	0.811 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 Medico Remedies (MEDICO)

Date	Monthly Closing Price	Open	High	Low	Volume
31 Thu Oct 2024	57.73	49.35	59.20	46.10	0.082 times
27 Wed Mar 2024	50.30	87.20	90.00	44.55	2.132 times
29 Thu Feb 2024	86.75	82.50	90.00	77.15	1.536 times
31 Wed Jan 2024	82.45	83.00	92.00	79.20	1.147 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 Medico Remedies (MEDICO)

Price action analysis of Medico Remedies ( (MEDICO) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Medico Remedies ( (MEDICO) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Medico Remedies ( (MEDICO) ) 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 Medico Remedies ( (MEDICO) ) 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 Medico Remedies stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Medico 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.

Medico Remedies Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal for Medico Remedies in short term and SELL signal is strong!

RSI is generating a SELL signal in short term and selling is picking up 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 Medico 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 53.02 and Medico Remedies (MEDICO) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Medico Remedies (MEDICO) stock. Volume based technical analysis of Medico Remedies (MEDICO) stock is negative.

Medico 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.