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(ZENITHDRUG_SM) Zenith Drugs complete technical analysis [charts+indicators] | Buy/Sell Zenith Drugs | (ZENITHDRUG_SM) share price targets

Complete technical analysis of Zenith Drugs (ZENITHDRUG_SM) by charts plus indicators, forecast predictions and share price targets for Zenith Drugs (ZENITHDRUG_SM)

10 day averaged volume of Zenith Drugs is 43840

Date Daily Closing Price Open High Low Volume
21 Fri Jun 2024 63.00 64.20 64.20 62.05 0.985 times
20 Thu Jun 2024 63.45 63.40 64.15 63.20 0.693 times
19 Wed Jun 2024 63.25 63.90 65.80 63.05 0.985 times
18 Tue Jun 2024 63.40 66.85 67.00 62.90 2.555 times
14 Fri Jun 2024 66.75 66.30 67.60 65.15 1.168 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 62.8 as stoploss in an intra day buy trade for a target of 64.55. However, stock will show a bearish move below 62.8.

Share price targets for Zenith Drugs (ZENITHDRUG_SM)

Target Type Value
Downside Target 52.80
Downside Target 54.20
Downside Target 59.30
Downside Target 61.10
Upside Target 63.50
Upside Target 67.00
Upside Target 68.00
Upside Target 69.90
Upside Target 75.20
Upside Target 78.50
Upside Target 81.00

Intraday share price targets for Zenith Drugs (ZENITHDRUG_SM)

Target Type Value
Downside Intraday Target 61.03
Downside Intraday Target 59.07
Upside Intraday Target 65.98
Upside Intraday Target 68.97
Upside Intraday Target 64.02

Weekly technical analysis of Zenith Drugs (ZENITHDRUG_SM)

Date Weekly Closing Price Open High Low Volume
21 Fri Jun 2024 63.00 66.85 67.00 62.05 1.444 times
14 Fri Jun 2024 66.75 66.10 67.60 63.50 0.75 times
07 Fri Jun 2024 64.60 67.00 68.00 55.20 0.475 times
31 Fri May 2024 63.75 69.90 69.90 61.30 0.622 times
24 Fri May 2024 67.25 75.85 81.00 61.10 1.505 times

Price has moved down 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 Zenith Drugs (ZENITHDRUG_SM)

Date Monthly Closing Price Open High Low Volume
21 Fri Jun 2024 63.00 67.00 68.00 55.20 0.298 times
31 Fri May 2024 63.75 64.20 81.00 59.30 1.053 times
30 Tue Apr 2024 64.10 66.60 75.20 52.80 1.11 times
28 Thu Mar 2024 62.70 76.30 78.50 54.20 0 times

Price has moved down 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 Zenith Drugs (ZENITHDRUG_SM)

Indicator Name Indicator Value Indicator Signal
ADX 15, 26, 28 Sell
MACD -1, -1Sell
Stochastics 25Sell
CCI -133Sell
RSI 49Sell
OBV -369600Sell
VWAP 64Sell
ADL 0Sell
ROC 1Buy
Force Index 0Sell

Price action analysis of Zenith Drugs ( (ZENITHDRUG_SM) ) based on a short 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.

Price action analysis of Zenith Drugs ( (ZENITHDRUG_SM) ) based on a short 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.

Price action analysis of Zenith Drugs ( (ZENITHDRUG_SM) ) based on a short to mid 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.

Price action analysis of Zenith Drugs ( (ZENITHDRUG_SM) ) 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 Zenith Drugs stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Zenith Drugs in short term and the sell signal is strong.

Zenith Drugs Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Zenith Drugs in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Zenith Drugs is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 64.29 and Zenith Drugs (ZENITHDRUG_SM) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Zenith Drugs (ZENITHDRUG_SM) stock. Volume based technical analysis of Zenith Drugs (ZENITHDRUG_SM) stock is negative.

Zenith Drugs 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.

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