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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 2024-09-10 View latest technical analysis

10 day averaged volume of Medico Remedies is 193926

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	45.84	44.50	45.84	44.05	0.445 times
09 Mon Sep 2024	44.95	44.95	44.95	44.95	0.201 times
06 Fri Sep 2024	45.87	44.90	45.87	44.40	0.642 times
05 Thu Sep 2024	44.98	46.20	46.20	44.98	0.508 times
04 Wed Sep 2024	45.90	44.29	46.10	44.29	1.433 times
03 Tue Sep 2024	45.20	44.29	45.20	44.29	0.913 times
02 Mon Sep 2024	45.20	45.20	45.20	45.20	0.049 times
30 Fri Aug 2024	46.13	46.50	46.50	46.13	0.211 times
29 Thu Aug 2024	47.08	46.30	47.16	44.40	3.165 times
28 Wed Aug 2024	44.92	43.39	44.92	43.00	2.063 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 45.9 as stoploss in an intra day sell trade for a target of 42.18. However, stock will show a bullish move above 45.9.

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	34.80
Downside Target	35.67
Downside Target	39.00
Downside Target	40.75
Downside Target	41.75
Downside Target	43.80
Downside Target	44.29
Downside Target	45.84
Upside Target	46.20
Upside Target	47.16
Upside Target	47.20

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	44.65
Downside Intraday Target	43.45
Upside Intraday Target	46.44
Upside Intraday Target	47.03
Downside Intraday Target	45.24

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	45.84	44.95	45.84	44.05	0.182 times
06 Fri Sep 2024	45.87	45.20	46.20	44.29	0.52 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

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
10 Tue Sep 2024	45.84	45.20	46.20	44.05	0.34 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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Medico Remedies ( (MEDICO_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 Weak 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 moving up

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

RSI is generating a BUY signal in short term but buying is losing 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 45.94 and Medico Remedies (MEDICO_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.