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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 2024-11-18 View latest technical analysis

10 day averaged volume of Medico Remedies is 1069812

Date	Daily Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	50.69	57.36	57.36	50.69	3.612 times
14 Thu Nov 2024	56.33	55.00	57.87	54.26	0.441 times
13 Wed Nov 2024	56.20	56.00	57.51	53.64	1.953 times
12 Tue Nov 2024	56.24	61.30	61.30	54.83	0.909 times
11 Mon Nov 2024	60.93	58.00	61.50	56.80	2.043 times
08 Fri Nov 2024	57.95	59.90	63.00	56.77	2.355 times
07 Thu Nov 2024	57.90	58.79	60.10	55.05	1.519 times
06 Wed Nov 2024	58.79	59.88	61.00	58.08	0.336 times
05 Tue Nov 2024	58.58	57.48	59.86	57.48	0.111 times
04 Mon Nov 2024	57.55	60.25	60.25	56.61	0.152 times

Stock of Medico Remedies (MEDICO) has showed a significant fall. This could be a good time to exit from 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 51.5, but if it comes above 51.5, then a intra day buy could be more profitable.
If you take a sell trade below 51.5, then use 51.5 as stoploss and 45.3 as target. However if you take a buy trade in stock , then use 51.5 as stoploss and 56.64 as target.

Share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Target	44.55
Downside Target	46.10
Downside Target	50.69
Upside Target	53.64
Upside Target	55.05
Upside Target	57.36
Upside Target	59.20
Upside Target	61.50
Upside Target	63.00
Upside Target	77.15
Upside Target	79.20
Upside Target	90.00
Upside Target	92.00

Intraday share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Intraday Target	48.47
Downside Intraday Target	46.24
Upside Intraday Target	55.14
Upside Intraday Target	59.58
Upside Intraday Target	52.91

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	50.69	57.36	57.36	50.69	0.676 times
14 Thu Nov 2024	56.33	58.00	61.50	53.64	1.195 times
08 Fri Nov 2024	57.95	60.25	63.00	55.05	1.576 times
01 Fri Nov 2024	60.30	49.35	62.00	46.10	0.479 times
27 Wed Mar 2024	50.30	48.75	51.20	44.55	0.447 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 Medico Remedies (MEDICO)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Mon Nov 2024	50.69	60.06	63.00	50.69	5.121 times
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

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY signal for Medico Remedies in short term but the buy signal is initial and weak.

Medico Remedies Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 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 56.04 and Medico Remedies (MEDICO) 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 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.