Stock analysis Medico Remedies Limited MEDICO
Recent prices of MEDICO Medico Remedies Limited are as follows: Daily volume is divided by 10 day averaged volume
Technical analysis forecast for Medico Remedies Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Medico Remedies Limited MEDICO at this time. Stock is falling and might fall more.
It appears as if Medico Remedies Limited MEDICO gave a large move recently.
Stock of Medico Remedies Limited (MEDICO) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Medico Remedies Limited is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 70.2 as stoploss in an intra day buy trade for a target of 72.28. However, stock will show a bearish move below 70.2.