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

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

Showing technical analysis as on 2024-01-08 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 9100

Date	Daily Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	154.15	155.10	156.80	148.05	0.879 times
05 Fri Jan 2024	155.10	150.00	155.10	150.00	0.22 times
04 Thu Jan 2024	153.05	157.00	157.00	153.05	0.549 times
03 Wed Jan 2024	156.90	160.00	160.00	156.80	0.44 times
02 Tue Jan 2024	165.00	160.00	167.00	160.00	0.44 times
01 Mon Jan 2024	163.95	166.05	166.05	163.90	0.549 times
29 Fri Dec 2023	172.50	170.00	172.50	170.00	1.099 times
28 Thu Dec 2023	170.00	176.00	179.35	165.00	5.165 times
27 Wed Dec 2023	170.85	170.85	170.85	170.85	0.659 times
26 Tue Dec 2023	162.75	160.00	162.75	160.00	0.769 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 155.8, but if it comes above 155.8, then a intra day buy could be more profitable.
If you take a sell trade below 155.8, then use 155.8 as stoploss and 146.8 as target. However if you take a buy trade in stock , then use 155.8 as stoploss and 163.23 as target.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	116.00
Downside Target	121.00
Downside Target	136.90
Downside Target	148.05
Downside Target	153.15
Upside Target	156.80
Upside Target	167.00
Upside Target	171.50
Upside Target	173.00
Upside Target	178.75
Upside Target	179.35

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	149.2
Downside Intraday Target	144.25
Upside Intraday Target	157.95
Upside Intraday Target	161.75
Downside Intraday Target	153

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	154.15	155.10	156.80	148.05	0.4 times
05 Fri Jan 2024	155.10	166.05	167.00	150.00	0.286 times
29 Fri Dec 2023	172.50	160.00	179.35	160.00	2.414 times
22 Fri Dec 2023	155.00	170.00	171.50	150.00	0.906 times
14 Thu Dec 2023	176.45	160.00	178.75	160.00	0.615 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 Mcon Rasayan (MCON_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Mon Jan 2024	154.15	166.05	167.00	148.05	0.149 times
29 Fri Dec 2023	172.50	137.10	179.35	137.10	1.253 times
30 Thu Nov 2023	140.10	144.65	153.15	136.90	0.714 times
31 Tue Oct 2023	142.00	123.00	159.40	121.00	1.045 times

Scroll below to view daily charts

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 Mcon Rasayan (MCON_SM)

Price action analysis of Mcon Rasayan ( (MCON_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 Mcon Rasayan ( (MCON_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 Mcon Rasayan ( (MCON_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 Mcon Rasayan stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Mcon Rasayan in short term but the sell signal is initial and weak.

Mcon Rasayan 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mcon Rasayan 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

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Mcon Rasayan is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 166.28 and Mcon Rasayan (MCON_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 Mcon Rasayan (MCON_SM) stock. Volume based technical analysis of Mcon Rasayan (MCON_SM) stock is negative.

Mcon Rasayan Stock has given negative 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.