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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 2024-06-13 View latest technical analysis

10 day averaged volume of Mep Infra is 237192

Date	Daily Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	8.66	8.45	8.66	8.45	1.382 times
12 Wed Jun 2024	8.25	7.90	8.25	7.87	1.558 times
11 Tue Jun 2024	7.86	7.82	8.00	7.75	0.814 times
10 Mon Jun 2024	7.82	8.05	8.05	7.75	0.819 times
07 Fri Jun 2024	7.90	7.90	8.10	7.75	0.753 times
06 Thu Jun 2024	7.95	8.00	8.20	7.90	0.945 times
05 Wed Jun 2024	8.05	7.40	8.10	7.40	1.336 times
04 Tue Jun 2024	7.75	8.40	8.40	7.75	1.054 times
03 Mon Jun 2024	8.15	8.20	8.20	8.00	1.277 times
31 Fri May 2024	7.85	7.85	8.10	7.50	0.667 times

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 8.5, for a target of 8.3 or 8.06

Share price targets for Mep Infra (MEP_BE)

Target Type	Value
Downside Target	7.40
Downside Target	7.75
Downside Target	8.25
Downside Target	8.66
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	8.05
Downside Intraday Target	7.45
Upside Intraday Target	8.96
Upside Intraday Target	9.27
Downside Intraday Target	8.36

Weekly technical analysis of Mep Infra (MEP_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Thu Jun 2024	8.66	8.05	8.66	7.75	0.852 times
07 Fri Jun 2024	7.90	8.20	8.40	7.40	1.402 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

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
13 Thu Jun 2024	8.66	8.20	8.66	7.40	0.342 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 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 Mep Infra ( (MEP_BE) ) based on a short to mid 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 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 BUY. Signal strength is Weak 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 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 red color and prices are in or above the red cloud Prices appear to be moving up

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 8.08 and Mep Infra (MEP_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 Mep Infra (MEP_BE) stock. Volume based technical analysis of Mep Infra (MEP_BE) stock is negative.

Mep Infra 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.