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(MEP_BE) Mep Infra complete technical analysis [charts+indicators] | Buy/Sell Mep Infra | (MEP_BE) share price targets

Complete technical analysis of Mep Infra (MEP_BE) by charts plus indicators, forecast predictions and share price targets for Mep Infra (MEP_BE)

Showing technical analysis as on 2024-06-06 View latest technical analysis

10 day averaged volume of Mep Infra is 219277

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	7.95	8.00	8.20	7.90	1.022 times
05 Wed Jun 2024	8.05	7.40	8.10	7.40	1.445 times
04 Tue Jun 2024	7.75	8.40	8.40	7.75	1.14 times
03 Mon Jun 2024	8.15	8.20	8.20	8.00	1.382 times
31 Fri May 2024	7.85	7.85	8.10	7.50	0.721 times
30 Thu May 2024	7.85	7.90	8.00	7.60	0.841 times
29 Wed May 2024	7.85	8.00	8.20	7.70	1.096 times
28 Tue May 2024	8.00	8.25	8.25	7.90	0.745 times
27 Mon May 2024	8.15	8.25	8.25	7.90	0.736 times
24 Fri May 2024	8.05	8.15	8.20	7.90	0.597 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 7.9 as stoploss in an intra day buy trade for a target of 8.06. However, stock will show a bearish move below 7.9.

Share price targets for Mep Infra (MEP_BE)

Target Type	Value
Downside Target	7.40
Downside Target	7.75
Upside Target	8.25
Upside Target	8.50
Upside Target	9.25
Upside Target	10.55
Upside Target	12.55
Upside Target	15.05
Upside Target	15.95
Upside Target	22.25

Intraday share price targets for Mep Infra (MEP_BE)

Target Type	Value
Downside Intraday Target	7.43
Downside Intraday Target	6.92
Upside Intraday Target	8.43
Upside Intraday Target	8.92
Downside Intraday Target	7.92

Weekly technical analysis of Mep Infra (MEP_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	7.95	8.20	8.40	7.40	1.206 times
31 Fri May 2024	7.85	8.25	8.25	7.50	1.084 times
24 Fri May 2024	8.05	8.45	8.50	7.90	0.935 times
18 Sat May 2024	8.45	8.15	8.50	7.50	0.517 times
10 Fri May 2024	8.15	9.00	9.25	7.75	0.47 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 Mep Infra (MEP_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	7.95	8.20	8.40	7.40	0.159 times
31 Fri May 2024	7.85	8.35	9.25	7.50	0.284 times
30 Tue Apr 2024	8.15	10.95	12.55	7.50	3.196 times
28 Thu Mar 2024	11.50	15.10	15.95	10.55	0.803 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 Mep Infra (MEP_BE)

Price action analysis of Mep Infra ( (MEP_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 Mep Infra ( (MEP_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 Mep Infra ( (MEP_BE) ) based on a short to mid 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 Mep Infra ( (MEP_BE) ) based on a mid to longer 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.

ADX buy sell signal for Mep Infra stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Mep Infra in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mep Infra 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Mep Infra 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Mep Infra is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 7.97 and Mep Infra (MEP_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 Mep Infra (MEP_BE) stock. Volume based technical analysis of Mep Infra (MEP_BE) stock is negative.

Mep Infra Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.