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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 2024-12-19 View latest technical analysis

10 day averaged volume of Medico Remedies is 860828

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	49.20	50.05	52.70	48.55	2.085 times
18 Wed Dec 2024	50.01	51.65	51.65	49.35	1.739 times
17 Tue Dec 2024	49.30	49.31	50.72	48.13	2.136 times
16 Mon Dec 2024	49.34	50.80	51.35	48.90	0.816 times
13 Fri Dec 2024	50.15	48.94	50.65	48.00	0.832 times
12 Thu Dec 2024	48.94	50.20	50.20	48.20	0.142 times
11 Wed Dec 2024	49.78	49.20	50.01	48.00	0.682 times
10 Tue Dec 2024	49.20	49.00	50.54	48.77	0.489 times
09 Mon Dec 2024	49.93	48.45	50.17	47.91	0.994 times
06 Fri Dec 2024	48.22	51.28	51.28	47.81	1.026 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 bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 49.8 as stoploss in an intra day sell trade for a target of 48.41. However, stock will show a bullish move above 49.8.

Share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Target	43.33
Downside Target	46.10
Downside Target	47.91
Upside Target	49.90
Upside Target	52.70
Upside Target	57.36
Upside Target	59.20
Upside Target	63.00
Upside Target	77.15
Upside Target	90.00

Intraday share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Intraday Target	47.32
Downside Intraday Target	45.44
Upside Intraday Target	51.89
Upside Intraday Target	54.58
Upside Intraday Target	50.01

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	49.20	50.80	52.70	48.13	2.158 times
13 Fri Dec 2024	50.15	48.45	50.65	47.91	0.407 times
06 Fri Dec 2024	48.22	49.32	51.28	44.90	1.286 times
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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Medico Remedies (MEDICO)

Date	Monthly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	49.20	49.32	52.70	44.90	0.681 times
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

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 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 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 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 BUY. Signal strength is Weak and stock is gaining 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears 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 Medico Remedies in short term but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 49.44 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.