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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 7285

Date Daily Closing Price Open High Low Volume
31 Fri May 2024 21.32 20.53 21.34 20.52 1.33 times
30 Thu May 2024 20.93 21.29 21.29 20.86 1.307 times
29 Wed May 2024 21.28 21.10 21.45 20.93 0.721 times
28 Tue May 2024 21.35 21.90 22.13 21.27 1.948 times
27 Mon May 2024 21.70 21.95 21.95 21.50 0.445 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.4, but if it comes above 21.4, then a intra day buy could be more profitable.
If you take a sell trade below 21.4, then use 21.4 as stoploss and 21 as target. However if you take a buy trade in stock , then use 21.4 as stoploss and 21.76 as target.

Share price targets for Rajrayon (Rajrayon)

Target Type Value
Downside Target 15.05
Downside Target 19.02
Downside Target 20.52
Downside Target 21.27
Upside Target 22.13
Upside Target 22.59
Upside Target 22.98
Upside Target 23.20
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 20.52
Downside Intraday Target 19.71
Upside Intraday Target 22.13
Upside Intraday Target 22.93
Upside Intraday Target 21.32

Weekly technical analysis of Rajrayon (Rajrayon)

Date Weekly Closing Price Open High Low Volume
31 Fri May 2024 21.32 21.95 22.13 20.52 1.354 times
24 Fri May 2024 21.52 22.00 22.50 21.46 1.245 times
17 Fri May 2024 22.42 22.00 22.55 21.36 0.578 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

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
31 Fri May 2024 21.32 23.20 23.20 20.52 0.283 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 11, 28, 42 Sell
MACD -1, -1Sell
Stochastics 22Sell
CCI -118Buy
RSI 49Sell
OBV -48819Sell
VWAP 21Sell
ADL 0Sell
ROC -5Sell
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 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 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 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.

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 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 Rajrayon is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.45 and Rajrayon (Rajrayon) 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 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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