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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 2024-01-15 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 5700

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	154.05	155.00	158.00	153.05	0.877 times
12 Fri Jan 2024	153.25	157.05	160.00	152.25	1.93 times
11 Thu Jan 2024	160.05	164.00	164.00	157.00	2.281 times
10 Wed Jan 2024	161.80	161.80	161.80	161.80	0.175 times
09 Tue Jan 2024	161.80	159.00	161.80	159.00	0.702 times
08 Mon Jan 2024	154.15	155.10	156.80	148.05	1.404 times
05 Fri Jan 2024	155.10	150.00	155.10	150.00	0.351 times
04 Thu Jan 2024	153.05	157.00	157.00	153.05	0.877 times
03 Wed Jan 2024	156.90	160.00	160.00	156.80	0.702 times
02 Tue Jan 2024	165.00	160.00	167.00	160.00	0.702 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 154.8, but if it comes above 154.8, then a intra day buy could be more profitable.
If you take a sell trade below 154.8, then use 154.8 as stoploss and 147.5 as target. However if you take a buy trade in stock , then use 154.8 as stoploss and 160.84 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	153.05
Upside Target	158.00
Upside Target	164.00
Upside Target	167.00
Upside Target	171.50
Upside Target	173.00
Upside Target	179.35

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	152.07
Downside Intraday Target	150.08
Upside Intraday Target	157.02
Upside Intraday Target	159.98
Upside Intraday Target	155.03

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	154.05	155.00	158.00	153.05	0.135 times
12 Fri Jan 2024	153.25	155.10	164.00	148.05	1.85 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

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 Mcon Rasayan (MCON_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Jan 2024	154.05	166.05	167.00	148.05	0.33 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Mcon Rasayan ( (MCON_SM) ) based on a short 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.

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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Mcon Rasayan stock for short term is SELL. Signal strength is Strong 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 moving up

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 and selling is picking up 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 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 156.88 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.