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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 2024-10-16 View latest technical analysis

10 day averaged volume of Medico Remedies is 107830

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	47.82	49.43	50.30	47.01	0.718 times
15 Tue Oct 2024	49.43	50.39	51.94	48.50	0.596 times
14 Mon Oct 2024	50.08	47.08	50.40	46.30	2.336 times
11 Fri Oct 2024	48.00	47.59	48.00	47.12	0.412 times
10 Thu Oct 2024	48.00	48.00	48.50	48.00	0.314 times
09 Wed Oct 2024	48.98	47.05	48.98	47.05	0.997 times
08 Tue Oct 2024	48.02	48.02	48.02	48.02	0.116 times
07 Mon Oct 2024	49.00	49.00	49.00	49.00	0.06 times
04 Fri Oct 2024	50.00	50.00	50.00	49.94	1.101 times
03 Thu Oct 2024	50.96	51.52	51.52	50.96	0.245 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 47.7 as stoploss in an intra day buy trade for a target of 49.07. However, stock will show a bearish move below 47.7.

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	46.30
Upside Target	48.35
Upside Target	49.00
Upside Target	49.94
Upside Target	50.92
Upside Target	51.93
Upside Target	51.94
Upside Target	52.00

Intraday share price targets for Medico Remedies (MEDICO_BE)

Target Type	Value
Downside Intraday Target	45.43
Downside Intraday Target	43.05
Upside Intraday Target	51.07
Upside Intraday Target	54.33
Upside Intraday Target	48.69

Weekly technical analysis of Medico Remedies (MEDICO_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	47.82	47.08	51.94	46.30	1.922 times
11 Fri Oct 2024	48.00	49.00	49.00	47.05	0.3 times
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

Price has moved down 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
16 Wed Oct 2024	47.82	51.90	52.00	46.30	0.571 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 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 SELL signal for Medico Remedies in short term but the sell signal is initial and weak.

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 in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Medico Remedies in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 49.38 and Medico Remedies (MEDICO_BE) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

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 has given negative 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.