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

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

10 day averaged volume of Rajrayon is 13469

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 21.87 22.50 22.65 21.83 0.425 times
06 Mon May 2024 22.27 22.95 22.98 22.26 0.874 times
03 Fri May 2024 22.71 22.90 23.00 22.21 0.94 times
02 Thu May 2024 22.58 23.20 23.20 22.58 1.626 times
30 Tue Apr 2024 23.04 23.50 23.73 23.00 1.085 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 21.6, for a target of 22.3 or 22.97

Share price targets for Rajrayon (Rajrayon)

Target Type Value
Downside Target 15.05
Downside Target 19.02
Downside Target 21.27
Downside Target 21.73
Upside Target 23.20
Upside Target 23.46
Upside Target 23.54
Upside Target 23.73
Upside Target 24.88
Upside Target 28.18
Upside Target 31.08

Intraday share price targets for Rajrayon (Rajrayon)

Target Type Value
Downside Intraday Target 21.47
Downside Intraday Target 21.08
Upside Intraday Target 22.62
Upside Intraday Target 23.38
Upside Intraday Target 22.23

Weekly technical analysis of Rajrayon (Rajrayon)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 21.87 22.95 22.98 21.83 0.247 times
03 Fri May 2024 22.71 23.00 23.73 22.21 0.852 times
26 Fri Apr 2024 22.90 22.17 23.54 21.73 1.408 times
19 Fri Apr 2024 22.17 23.46 23.46 22.17 0.397 times
12 Fri Apr 2024 23.93 23.48 24.88 22.56 0.511 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 Rajrayon (Rajrayon)

Date Monthly Closing Price Open High Low Volume
07 Tue May 2024 21.87 23.20 23.20 21.83 0.084 times
30 Tue Apr 2024 23.04 22.14 24.88 21.27 0.94 times
28 Thu Mar 2024 22.59 28.73 31.08 22.59 0.236 times
29 Thu Feb 2024 28.18 19.02 28.18 19.02 4.117 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 Rajrayon (Rajrayon)

Indicator Name Indicator Value Indicator Signal
ADX 19, 32, 26 Sell
MACD -1, -1Sell
Stochastics 26Sell
CCI -178Sell
RSI 47Sell
OBV 226496Sell
VWAP 23Sell
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Rajrayon ( (Rajrayon) ) 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 Rajrayon ( (Rajrayon) ) based on a short term time period is

Price action analysis of Rajrayon ( (Rajrayon) ) based on a short to mid term time period is

Price action analysis of Rajrayon ( (Rajrayon) ) based on a mid to longer term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Rajrayon stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Rajrayon 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 Rajrayon 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 positive zone. This is a BUY zone

Stock of Rajrayon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.76 and Rajrayon (Rajrayon) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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

Rajrayon Stock has given negative returns over a short term period. Returns for a longer term period have been negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.

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