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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 2024-09-03 View latest technical analysis

10 day averaged volume of Medico Remedies is 173191

Date	Daily Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	45.20	44.29	45.20	44.29	1.022 times
02 Mon Sep 2024	45.20	45.20	45.20	45.20	0.055 times
30 Fri Aug 2024	46.13	46.50	46.50	46.13	0.236 times
29 Thu Aug 2024	47.08	46.30	47.16	44.40	3.544 times
28 Wed Aug 2024	44.92	43.39	44.92	43.00	2.31 times
27 Tue Aug 2024	42.79	41.55	42.79	41.48	0.912 times
26 Mon Aug 2024	40.76	39.90	40.76	39.00	0.638 times
23 Fri Aug 2024	38.82	40.10	40.75	37.90	0.964 times
22 Thu Aug 2024	39.55	38.30	39.79	37.15	0.698 times
21 Wed Aug 2024	37.90	38.38	38.38	37.35	0.362 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 43.7, but if it comes below 43.7, then a intra day sell could be more profitable.
If you take a sell trade below 43.7, then use 43.7 as stoploss and 40.2 as target. However if you take a buy trade in stock , then use 43.7 as stoploss and 47.9 as target.

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	41.75
Downside Target	43.80
Downside Target	44.29
Downside Target	45.20
Upside Target	47.16
Upside Target	47.20

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	44.59
Downside Intraday Target	43.99
Upside Intraday Target	45.5
Upside Intraday Target	45.81
Downside Intraday Target	44.9

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Tue Sep 2024	45.20	45.20	45.20	44.29	0.141 times
30 Fri Aug 2024	46.13	39.90	47.16	39.00	2.969 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

Price has moved down 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
03 Tue Sep 2024	45.20	45.20	45.20	44.29	0.078 times
30 Fri Aug 2024	46.13	38.89	47.16	35.90	1.379 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green 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 BUY signal in short term but buying is losing 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 44.13 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.