Stock analysis Medico Remedies Limited MEDICO
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Recent prices of MEDICO Medico Remedies Limited are as follows: Daily volume is divided by 10 day averaged volume
| Date | Close | Range | Change % | Volume |
| 27 Wed Mar 2024 | 50.30 | 44.55 to 51.20 | 8.06% | 1.6 times |
| 26 Tue Mar 2024 | 46.55 | 45.20 to 49.75 | -4.51% | 1.32 times |
| 22 Fri Mar 2024 | 48.75 | 46.20 to 59.85 | -15.58% | 3.8 times |
| 21 Thu Mar 2024 | 57.75 | 57.75 to 72.00 | -19.96% | 1.57 times |
| 20 Wed Mar 2024 | 72.15 | 70.00 to 74.00 | -1.9% | 0.63 times |
| 19 Tue Mar 2024 | 73.55 | 71.20 to 80.00 | -5.46% | 0.28 times |
| 18 Mon Mar 2024 | 77.80 | 77.10 to 79.65 | -2.32% | 0.25 times |
| 15 Fri Mar 2024 | 79.65 | 76.00 to 80.00 | 2.44% | 0.58 times |
| 14 Thu Mar 2024 | 77.75 | 74.50 to 79.80 | -1.4% | 0.68 times |
| 13 Wed Mar 2024 | 78.85 | 77.35 to 84.40 | -6.35% | 0.46 times |
| 12 Tue Mar 2024 | 84.20 | 83.40 to 85.40 | 0.06% | 0.43 times |
| 11 Mon Mar 2024 | 84.15 | 82.75 to 85.80 | -0.82% | 0.5 times |
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 trade for tomorrow is selective. Take a sell trade only if Medico Remedies Limited stays below 57.6, but if it comes above 57.6, then a intra day buy could be more profitable.
If you take a sell trade below 57.6, then use 57.6 as stoploss and 41.3 as target. However if you take a buy trade in Medico Remedies Limited, then use 57.6 as stoploss and 71.2 as target.