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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)

10 day averaged volume of Medico Remedies is 274017

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	86.90	80.00	87.60	79.90	3.475 times
07 Thu Dec 2023	80.00	77.30	80.45	77.00	1.346 times
06 Wed Dec 2023	78.70	78.00	79.50	76.75	0.707 times
05 Tue Dec 2023	78.30	78.80	78.80	74.70	1.212 times
04 Mon Dec 2023	78.60	77.40	79.35	77.40	0.741 times
01 Fri Dec 2023	78.35	78.90	78.90	77.05	0.86 times
30 Thu Nov 2023	78.00	78.20	79.75	76.55	1.826 times
29 Wed Nov 2023	78.80	78.60	79.95	77.40	1.002 times
28 Tue Nov 2023	78.05	77.40	78.95	76.50	1.195 times
24 Fri Nov 2023	78.30	79.10	79.10	77.50	0.458 times

Stock of Medico Remedies (MEDICO) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 83.4, for a target of 80.9 or 78.92

Share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Target	68.50
Downside Target	72.20
Downside Target	77.90
Downside Target	79.95
Downside Target	80.40
Downside Target	81.40
Downside Target	82.50
Downside Target	83.55
Upside Target	87.60

Intraday share price targets for Medico Remedies (MEDICO)

Target Type	Value
Downside Intraday Target	78.53
Downside Intraday Target	70.17
Upside Intraday Target	91.43
Upside Intraday Target	95.97
Downside Intraday Target	83.07

Weekly technical analysis of Medico Remedies (MEDICO)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Dec 2023	86.90	77.40	87.60	74.70	1.532 times
01 Fri Dec 2023	78.35	77.40	79.95	76.50	1.384 times
24 Fri Nov 2023	78.30	77.10	81.40	75.35	0.996 times
17 Fri Nov 2023	77.10	78.00	82.50	76.00	0.668 times
10 Fri Nov 2023	77.35	76.50	77.90	73.40	0.942 times

Price has moved up 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
08 Fri Dec 2023	86.90	78.90	87.60	74.70	0.441 times
30 Thu Nov 2023	78.00	73.80	82.50	72.20	1.006 times
31 Tue Oct 2023	74.50	70.90	77.90	68.65	0.578 times
29 Fri Sep 2023	70.25	80.40	80.40	68.50	1.287 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Medico Remedies ( (MEDICO) ) based on a mid to longer 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.

ADX buy sell signal for Medico Remedies stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term and the buying is gaining 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 80.83 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.