MEDICO REMEDIES technical analysisMedico Remedies Ltd. (NSE: MEDICO) is currently priced at 58.75 INR. The company specializes in manufacturing and marketing pharmaceutical formulations across various therapeutic segments.
Key Levels: Support levels are identified at 50.23 INR and 34.53 INR, suggesting potential price stabilization
1.21 INR
100.93 M INR
1.51 B INR
25.07 M
About MEDICO REMEDIES LTD
Sector
Industry
CEO
Harshit Haresh Mehta
Website
Headquarters
Mumbai
Founded
1994
ISIN
INE630Y01024
FIGI
BBG00JVDFY13
Medico Remedies Ltd. engages in the manufacture, supply, and exportation of pharmaceutical drugs. Its product portfolio includes general formulations, which consists of general tablets, capsules, and dry syrups; and beta lactum formulations, which comprises penicillin and cephalosporin range of formulations in tablets, capsules, and dry syrups. The company was founded on March 18, 1994 and is headquartered in Thane, India.
MEDICO : Will this respect Golden retracement zone!MERICO BUNDLES LTD
▫️ Chart Analysis:
The stock is currently trading at 48.65, showing a bullish momentum of +5.50% today. The price action aligns with the following key levels derived from Fibonacci retracement, and wave theory:
First String Target (FST): 64 - 67 (near-term resistance zone
Amazing breakout on WEEKLY Timeframe - MEDICOCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favor that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED!
NOTE for learners: Place the break
MEDICO REMEDIES Pullback1. Buy or Sell at your own risk
2. Don't risk more than 1%-2% of your capital as stop loss
3. Position Size formula: - Stop Loss Amount/(Buy Price - Initial Stop Loss Price)
4. Sell on initial Stop Loss hit or RSI close below 40
5. Some other ways to sell stocks can be
a. 25% or 50% up in three week
MEDICOMEDICO:- Ascending triangle pattern has formed, wait for breakout, keep your eye on the stock
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
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Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current price of MEDICO is 54.93 INR — it has decreased by −3.01% in the past 24 hours. Watch MEDICO REMEDIES LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange MEDICO REMEDIES LTD stocks are traded under the ticker MEDICO.
MEDICO stock has fallen by −1.20% compared to the previous week, the month change is a −11.16% fall, over the last year MEDICO REMEDIES LTD has showed a 37.67% increase.
MEDICO reached its all-time high on May 31, 2023 with the price of 100.70 INR, and its all-time low was 16.52 INR and was reached on Aug 10, 2022. View more price dynamics on MEDICO chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
MEDICO stock is 4.14% volatile and has beta coefficient of 0.28. Track MEDICO REMEDIES LTD stock price on the chart and check out the list of the most volatile stocks — is MEDICO REMEDIES LTD there?
Today MEDICO REMEDIES LTD has the market capitalization of 4.42 B, it has increased by 3.10% over the last week.
Yes, you can track MEDICO REMEDIES LTD financials in yearly and quarterly reports right on TradingView.
MEDICO net income for the last quarter is 43.41 M INR, while the quarter before that showed 26.20 M INR of net income which accounts for 65.70% change. Track more MEDICO REMEDIES LTD financial stats to get the full picture.
No, MEDICO doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MEDICO REMEDIES LTD EBITDA is 150.03 M INR, and current EBITDA margin is 9.94%. See more stats in MEDICO REMEDIES LTD financial statements.
Like other stocks, MEDICO shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MEDICO REMEDIES LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MEDICO REMEDIES LTD technincal analysis shows the neutral today, and its 1 week rating is sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MEDICO REMEDIES LTD stock shows the sell signal. See more of MEDICO REMEDIES LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.