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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 2024-11-29 View latest technical analysis

10 day averaged volume of Medico Remedies is 1334651

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	49.31	49.00	49.90	48.40	0.603 times
28 Thu Nov 2024	48.21	46.80	48.23	44.00	2.427 times
27 Wed Nov 2024	45.94	46.26	47.40	45.51	0.246 times
26 Tue Nov 2024	46.26	46.93	46.93	45.69	0.147 times
25 Mon Nov 2024	45.80	48.50	48.90	45.00	0.444 times
22 Fri Nov 2024	46.62	44.94	46.87	44.50	0.218 times
21 Thu Nov 2024	44.64	43.37	45.45	43.33	1.059 times
19 Tue Nov 2024	45.62	45.62	45.62	45.62	0.643 times
18 Mon Nov 2024	50.69	57.36	57.36	50.69	2.895 times
14 Thu Nov 2024	56.33	55.00	57.87	54.26	0.353 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 47.3 as stoploss in an intra day buy trade for a target of 53.08. However, stock will show a bearish move below 47.3.

Share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Target	43.33
Downside Target	46.10
Upside Target	49.90
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	45.57
Downside Intraday Target	41.84
Upside Intraday Target	51.47
Upside Intraday Target	53.64
Downside Intraday Target	47.74

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	49.31	48.50	49.90	44.00	0.803 times
22 Fri Nov 2024	46.62	57.36	57.36	43.33	1.124 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

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
29 Fri Nov 2024	49.31	60.06	63.00	43.33	7.837 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 losing momentum.

MACD generated a BUY signal for Medico Remedies in short term but the buy signal is initial and weak.

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

Medico 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 Medico Remedies in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Medico Remedies is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 48.54 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.