Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-09-16 View latest technical analysis

10 day averaged volume of Medico Remedies is 90364

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	45.70	44.85	45.70	44.11	0.652 times
13 Fri Sep 2024	44.90	43.95	44.90	43.17	0.522 times
12 Thu Sep 2024	44.06	44.91	44.91	44.06	0.099 times
11 Wed Sep 2024	44.96	45.50	45.52	44.95	0.383 times
10 Tue Sep 2024	45.84	44.50	45.84	44.05	0.954 times
09 Mon Sep 2024	44.95	44.95	44.95	44.95	0.43 times
06 Fri Sep 2024	45.87	44.90	45.87	44.40	1.378 times
05 Thu Sep 2024	44.98	46.20	46.20	44.98	1.091 times
04 Wed Sep 2024	45.90	44.29	46.10	44.29	3.076 times
03 Tue Sep 2024	45.20	44.29	45.20	44.29	1.959 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 46.5 as stoploss in an intra day sell trade for a target of 43.7. However, stock will show a bullish move above 46.5.

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	34.80
Downside Target	35.67
Downside Target	37.01
Downside Target	39.00
Downside Target	40.75
Downside Target	41.75
Downside Target	43.17
Downside Target	45.70
Upside 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	44.64
Downside Intraday Target	43.58
Upside Intraday Target	46.23
Upside Intraday Target	46.76
Downside Intraday Target	45.17

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Sep 2024	45.70	44.85	45.70	44.11	0.273 times
13 Fri Sep 2024	44.90	44.95	45.84	43.17	0.314 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

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
16 Mon Sep 2024	45.70	45.20	46.20	43.17	0.403 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 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 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 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 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 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 and BUY signal is strong.

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 45.51 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.