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

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

Showing technical analysis as on 2024-05-02 View latest technical analysis

10 day averaged volume of Medico Remedies is 262770

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	46.60	45.40	47.20	44.35	0.807 times
30 Tue Apr 2024	45.40	45.70	46.30	44.90	0.265 times
29 Mon Apr 2024	45.70	46.25	46.95	45.00	0.482 times
26 Fri Apr 2024	46.25	46.75	47.30	46.00	0.305 times
25 Thu Apr 2024	46.75	47.80	47.80	46.40	0.227 times
24 Wed Apr 2024	47.85	46.40	48.10	45.80	1.608 times
23 Tue Apr 2024	46.80	47.00	47.70	46.50	0.322 times
22 Mon Apr 2024	48.35	48.20	48.70	45.80	1.203 times
19 Fri Apr 2024	48.20	47.95	49.00	46.15	0.382 times
18 Thu Apr 2024	47.90	48.20	49.10	46.60	3.429 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 46.4 as stoploss in an intra day buy trade for a target of 47.31. However, stock will show a bearish move below 46.4.

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	44.35
Downside Target	45.70
Upside Target	47.20
Upside Target	49.10
Upside Target	50.10
Upside Target	50.80
Upside Target	293.50
Upside Target	297.65
Upside Target	345.00
Upside Target	346.85

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	44.9
Downside Intraday Target	43.2
Upside Intraday Target	47.75
Upside Intraday Target	48.9
Downside Intraday Target	46.05

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	46.60	46.25	47.20	44.35	0.424 times
26 Fri Apr 2024	46.25	48.20	48.70	45.80	0.517 times
19 Fri Apr 2024	48.20	47.45	49.10	44.50	1.639 times
12 Fri Apr 2024	46.80	48.15	48.50	45.70	0.82 times
05 Fri Apr 2024	47.55	47.20	50.10	46.20	4.098 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Thu May 2024	46.60	45.40	47.20	44.35	0.038 times
30 Tue Apr 2024	45.40	47.20	50.10	44.50	20.98 times
28 Thu Mar 2024	48.10	50.80	50.80	47.80	0.402 times
27 Mon Feb 2023	340.10	320.90	345.00	297.65	0.903 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_BE)

Price action analysis of Medico Remedies ( (MEDICO_BE) ) 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_BE) ) 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_BE) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Medico Remedies in short term but BUY signal is weak.

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 47.53 and Medico Remedies (MEDICO_BE) 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_BE) stock. Volume based technical analysis of Medico Remedies (MEDICO_BE) 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.