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Stock analysis Indoco Remedies Limited INDOCO

More indepth analysis on MunafaSutra.com

Moving Averages for Indoco Remedies Limited

  • 5Day Average: 330.12
  • 12Day Average: 329.72
  • 20Day Average: 336.46
  • 50Day Average: 341.44
  • 100Day Average: 361.1
  • 150Day Average: 353.84
  • 200Day Average: 347.81

INDOCO Indicators & signals

Indicator MACD (12,26,9)

331.96, 335.31, -3.72
Indicator MACD is in negative zone

Indicator ADX (14)

24.42, 20.92, 12.71
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 54
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of INDOCO Indoco Remedies Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
03 Fri May 2024 337.70 330.50 to 340.70 1.9% 1.9 times
02 Thu May 2024 331.40 326.00 to 334.45 1.36% 1.5 times
30 Tue Apr 2024 326.95 326.00 to 333.00 0.31% 0.9 times
29 Mon Apr 2024 325.95 324.75 to 334.60 -0.81% 1.64 times
26 Fri Apr 2024 328.60 325.10 to 329.95 1.4% 0.44 times
25 Thu Apr 2024 324.05 323.10 to 332.00 -1.5% 2 times
24 Wed Apr 2024 329.00 328.20 to 335.65 -0.14% 0.91 times
23 Tue Apr 2024 329.45 328.50 to 334.10 0.44% 0.49 times
22 Mon Apr 2024 328.00 326.85 to 336.55 -0.88% 1.03 times
19 Fri Apr 2024 330.90 328.50 to 335.70 -0.29% 0.4 times
18 Thu Apr 2024 331.85 331.00 to 337.95 -0.27% 0.69 times
16 Tue Apr 2024 332.75 329.85 to 343.45 -1.93% 1.12 times

Technical analysis forecast of Indoco Remedies Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Indoco Remedies Limited INDOCO at this time. Stock is rising and might rise more.

It appears as if Indoco Remedies Limited INDOCO gave a large move recently.

Stock of Indoco Remedies Limited (INDOCO) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

My analysis of Indoco Remedies Limited is bullish for shortterm, and stock might move up till 342.9 or till 353.7. Use a stoploss of 333.83 and if this stock hits its stoploss, then it can fall down till 324.8

More indepth analysis on MunafaSutra.com