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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 2024-01-24 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 6500

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	145.00	150.15	150.15	144.00	1.538 times
23 Tue Jan 2024	150.15	153.10	156.50	150.10	1.077 times
22 Mon Jan 2024	158.00	152.00	158.00	152.00	0.462 times
19 Fri Jan 2024	152.50	150.75	154.65	150.50	2.462 times
18 Thu Jan 2024	158.00	154.05	158.00	154.05	0.308 times
17 Wed Jan 2024	160.00	160.25	160.25	155.00	0.615 times
16 Tue Jan 2024	152.95	152.50	152.95	151.00	0.462 times
15 Mon Jan 2024	154.05	155.00	158.00	153.05	0.769 times
12 Fri Jan 2024	153.25	157.05	160.00	152.25	1.692 times
11 Thu Jan 2024	160.05	164.00	164.00	157.00	2 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 143.6, for a target of 151.4 or 157.91

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	144.00
Upside Target	148.05
Upside Target	158.00
Upside Target	160.25
Upside Target	164.00
Upside Target	167.00
Upside Target	173.00
Upside Target	179.35

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	140
Downside Intraday Target	135
Upside Intraday Target	154
Upside Intraday Target	163
Upside Intraday Target	149

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	145.00	152.00	158.00	144.00	0.667 times
19 Fri Jan 2024	152.50	155.00	160.25	150.50	0.811 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

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
24 Wed Jan 2024	145.00	166.05	167.00	144.00	0.569 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 Strong and stock is gaining momentum.

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

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 red color and prices are below the red 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 BUY signal in short term but buying 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 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 153.6 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 negative.

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