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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 2024-08-09 View latest technical analysis

10 day averaged volume of Medico Remedies is 88946

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	38.30	37.84	38.70	37.02	0.382 times
08 Thu Aug 2024	37.36	37.53	38.25	37.00	0.563 times
07 Wed Aug 2024	37.53	37.30	38.06	35.91	0.425 times
06 Tue Aug 2024	36.79	36.97	38.34	35.90	0.75 times
05 Mon Aug 2024	36.97	38.48	38.48	36.75	0.578 times
02 Fri Aug 2024	37.81	38.61	38.74	37.55	1.494 times
01 Thu Aug 2024	38.39	38.89	39.00	37.71	1.248 times
31 Wed Jul 2024	38.36	38.94	39.90	38.00	0.754 times
30 Tue Jul 2024	38.94	37.90	39.38	37.00	2.583 times
29 Mon Jul 2024	37.52	38.89	39.09	37.00	0.892 times

My analysis of stock is bullish for shortterm, and stock might move up till 39 or till 40. Use a stoploss of 38.16 and if this stock hits its stoploss, then it can fall down till 37.3

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	34.80
Downside Target	35.67
Downside Target	37.00
Upside Target	38.51
Upside Target	39.80
Upside Target	40.25
Upside Target	40.58
Upside Target	41.75
Upside Target	43.80
Upside Target	44.50
Upside Target	47.20
Upside Target	50.10

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	36.57
Downside Intraday Target	34.83
Upside Intraday Target	39.37
Upside Intraday Target	40.43
Downside Intraday Target	37.63

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	38.30	38.48	38.70	35.90	0.387 times
02 Fri Aug 2024	37.81	38.89	39.90	37.00	1.958 times
26 Fri Jul 2024	38.24	36.71	39.80	35.67	0.868 times
19 Fri Jul 2024	36.77	39.45	40.25	36.10	1.186 times
12 Fri Jul 2024	38.79	39.50	40.58	38.51	0.836 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
09 Fri Aug 2024	38.30	38.89	39.00	35.90	0.279 times
31 Wed Jul 2024	38.36	41.75	41.75	35.67	1.072 times
28 Fri Jun 2024	40.78	37.95	43.80	34.80	0.612 times
31 Fri May 2024	37.00	45.40	47.20	35.90	0.477 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_BE)

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

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 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_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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 38.05 and Medico Remedies (MEDICO_BE) 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_BE) stock. Volume based technical analysis of Medico Remedies (MEDICO_BE) stock is negative.

Medico Remedies Stock is giving positive 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.