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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 2024-06-20 View latest technical analysis

10 day averaged volume of Mep Infra is 280881

Date	Daily Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	9.15	9.15	9.15	9.15	0.123 times
19 Wed Jun 2024	9.34	9.34	9.34	9.34	0.945 times
18 Tue Jun 2024	9.54	9.54	9.54	9.32	1.378 times
14 Fri Jun 2024	9.09	9.09	9.09	8.85	1.253 times
13 Thu Jun 2024	8.66	8.45	8.66	8.45	1.167 times
12 Wed Jun 2024	8.25	7.90	8.25	7.87	1.315 times
11 Tue Jun 2024	7.86	7.82	8.00	7.75	0.687 times
10 Mon Jun 2024	7.82	8.05	8.05	7.75	0.692 times
07 Fri Jun 2024	7.90	7.90	8.10	7.75	0.636 times
06 Thu Jun 2024	7.95	8.00	8.20	7.90	0.798 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 8.8, but if it comes below 8.8, then a intra day sell could be more profitable.
If you take a sell trade below 8.8, then use 8.8 as stoploss and 8.27 as target. However if you take a buy trade in stock , then use 8.8 as stoploss and 9.5 as target.

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	9.09
Upside Target	9.25
Upside Target	9.54
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	9.02
Downside Intraday Target	8.89
Upside Intraday Target	9.41
Upside Intraday Target	9.67
Upside Intraday Target	9.28

Weekly technical analysis of Mep Infra (MEP_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Thu Jun 2024	9.15	9.54	9.54	9.15	0.478 times
14 Fri Jun 2024	9.09	8.05	9.09	7.75	1.129 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

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
20 Thu Jun 2024	9.15	8.20	9.54	7.40	0.493 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 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 Mep Infra ( (MEP_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 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 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 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 Mep Infra in short term but SELL signal is weak.

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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.63 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.