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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 2024-10-04 View latest technical analysis

10 day averaged volume of Medico Remedies is 136085

Date	Daily Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	50.00	50.00	50.00	49.94	0.873 times
03 Thu Oct 2024	50.96	51.52	51.52	50.96	0.194 times
01 Tue Oct 2024	52.00	51.90	52.00	49.98	3.029 times
30 Mon Sep 2024	51.00	51.93	51.93	51.00	0.922 times
27 Fri Sep 2024	50.92	50.65	50.92	50.65	0.441 times
26 Thu Sep 2024	49.93	49.05	49.93	49.05	2.971 times
25 Wed Sep 2024	48.96	47.95	48.96	47.90	0.963 times
24 Tue Sep 2024	48.00	47.50	48.00	47.00	0.662 times
23 Mon Sep 2024	47.50	47.40	47.50	46.45	0.169 times
20 Fri Sep 2024	47.40	48.00	48.00	47.40	0.229 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 50.1 as stoploss in an intra day sell trade for a target of 47.74. However, stock will show a bullish move above 50.1.

Share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Target	34.80
Downside Target	35.67
Downside Target	41.75
Downside Target	43.17
Downside Target	45.84
Downside Target	48.35
Downside Target	49.94
Upside Target	50.92
Upside Target	51.93
Upside Target	52.00

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	49.29
Downside Intraday Target	48.59
Upside Intraday Target	51.35
Upside Intraday Target	52.71
Upside Intraday Target	50.65

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Fri Oct 2024	50.00	51.93	52.00	49.94	0.964 times
27 Fri Sep 2024	50.92	47.40	50.92	46.45	2.488 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

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
04 Fri Oct 2024	50.00	51.90	52.00	49.94	0.276 times
30 Mon Sep 2024	51.00	45.20	51.93	43.17	0.846 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

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 Weak and stock is losing momentum.

MACD generated a BUY signal for Medico Remedies in short term and the buy signal is strong.

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 50.38 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.