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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 2024-08-26 View latest technical analysis

10 day averaged volume of Medico Remedies is 61769

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	40.76	39.90	40.76	39.00	1.79 times
23 Fri Aug 2024	38.82	40.10	40.75	37.90	2.703 times
22 Thu Aug 2024	39.55	38.30	39.79	37.15	1.957 times
21 Wed Aug 2024	37.90	38.38	38.38	37.35	1.016 times
20 Tue Aug 2024	38.45	37.99	38.60	37.13	0.787 times
19 Mon Aug 2024	37.99	37.39	38.08	37.01	0.752 times
16 Fri Aug 2024	37.39	36.68	37.48	36.50	0.479 times
14 Wed Aug 2024	36.68	37.90	37.90	36.55	0.398 times
13 Tue Aug 2024	37.16	37.63	38.45	37.00	0.647 times
12 Mon Aug 2024	38.00	38.30	39.50	37.06	0.712 times

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 40.1, for a target of 39 or 38.03

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	34.80
Downside Target	35.67
Downside Target	38.70
Downside Target	40.75
Downside Target	40.76
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	39.59
Downside Intraday Target	38.41
Upside Intraday Target	41.35
Upside Intraday Target	41.93
Downside Intraday Target	40.17

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	40.76	39.90	40.76	39.00	0.248 times
23 Fri Aug 2024	38.82	37.39	40.75	37.01	3.227 times
16 Fri Aug 2024	37.39	38.30	39.50	36.50	0.576 times
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

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
26 Mon Aug 2024	40.76	38.89	40.76	35.90	0.68 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 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 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_BE) ) 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_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 BUY. 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 38.81 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 rising upwards.

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 positive

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