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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 7776

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 22.11 22.15 22.15 21.75 0.259 times
15 Wed May 2024 21.75 22.00 22.28 21.65 1.331 times
14 Tue May 2024 21.85 21.70 21.90 21.52 0.638 times
13 Mon May 2024 21.70 22.00 22.05 21.36 0.613 times
10 Fri May 2024 21.79 21.90 22.00 21.46 1.102 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 21.9 as stoploss in an intra day buy trade for a target of 22.38. However, stock will show a bearish move below 21.9.

Share price targets for Rajrayon (Rajrayon)

Target Type Value
Downside Target 15.05
Downside Target 19.02
Downside Target 21.27
Upside Target 22.17
Upside Target 22.98
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 21.55
Downside Intraday Target 21
Upside Intraday Target 22.47
Upside Intraday Target 22.84
Downside Intraday Target 21.92

Weekly technical analysis of Rajrayon (Rajrayon)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 22.11 22.00 22.28 21.36 0.514 times
10 Fri May 2024 21.79 22.95 22.98 21.46 0.607 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

Price has moved up 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
16 Thu May 2024 22.11 23.20 23.20 21.36 0.161 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 20, 23, 8 Sell
MACD -1, -1Sell
Stochastics 29Sell
CCI -16Buy
RSI 52Buy
OBV -51377Sell
VWAP 22Buy
ADL 0Sell
ROC -2Sell
Force Index 0Sell

Price action analysis of Rajrayon ( (Rajrayon) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 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 Weak and stock is gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Rajrayon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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

CCI has generated a buy signal for Rajrayon in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 22.06 and Rajrayon (Rajrayon) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

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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