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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 2024-09-26 View latest technical analysis

10 day averaged volume of Medico Remedies is 58527

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	49.93	49.05	49.93	49.05	6.909 times
25 Wed Sep 2024	48.96	47.95	48.96	47.90	2.239 times
24 Tue Sep 2024	48.00	47.50	48.00	47.00	1.54 times
23 Mon Sep 2024	47.50	47.40	47.50	46.45	0.394 times
20 Fri Sep 2024	47.40	48.00	48.00	47.40	0.532 times
19 Thu Sep 2024	48.00	47.43	48.35	47.43	0.973 times
18 Wed Sep 2024	47.43	46.50	47.43	46.50	1.864 times
17 Tue Sep 2024	46.50	45.70	46.50	45.15	0.491 times
16 Mon Sep 2024	45.70	44.85	45.70	44.11	1.007 times
13 Fri Sep 2024	44.90	43.95	44.90	43.17	0.806 times

Stock of Medico Remedies (MEDICO_BE) has showed a significant upmove. This could be a good time to enter in this stock!

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 49.7, for a target of 47.9 or 46.37

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	41.75
Downside Target	43.17
Downside Target	45.84
Downside Target	46.45
Downside Target	47.16
Downside Target	47.20
Downside Target	48.35
Downside Target	49.93

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	47.61
Downside Intraday Target	45.29
Upside Intraday Target	51.09
Upside Intraday Target	52.25
Downside Intraday Target	48.77

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	49.93	47.40	49.93	46.45	2.277 times
20 Fri Sep 2024	47.40	44.85	48.35	44.11	1.319 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Medico Remedies (MEDICO_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	49.93	45.20	49.93	43.17	0.768 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 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 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 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 gaining 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 stronger in this stock.

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 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 48.5 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.