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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 2024-02-01 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 7800

Date	Daily Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	146.00	145.10	147.00	144.00	1.538 times
31 Wed Jan 2024	150.10	162.05	162.05	147.50	1.282 times
30 Tue Jan 2024	154.35	154.35	154.35	154.35	0.513 times
29 Mon Jan 2024	147.00	142.30	147.00	142.30	1.026 times
25 Thu Jan 2024	140.00	145.55	145.55	137.75	1.795 times
24 Wed Jan 2024	145.00	150.15	150.15	144.00	1.282 times
23 Tue Jan 2024	150.15	153.10	156.50	150.10	0.897 times
22 Mon Jan 2024	158.00	152.00	158.00	152.00	0.385 times
19 Fri Jan 2024	152.50	150.75	154.65	150.50	2.051 times
18 Thu Jan 2024	158.00	154.05	158.00	154.05	0.256 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 147.7, but if it comes above 147.7, then a intra day buy could be more profitable.
If you take a sell trade below 147.7, then use 147.7 as stoploss and 140.9 as target. However if you take a buy trade in stock , then use 147.7 as stoploss and 153.37 as target.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	121.00
Downside Target	136.90
Downside Target	142.30
Upside Target	147.00
Upside Target	158.00
Upside Target	159.40
Upside Target	160.25
Upside Target	162.05
Upside Target	164.00
Upside Target	167.00
Upside Target	179.35

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	138.18
Downside Intraday Target	130.37
Upside Intraday Target	157.93
Upside Intraday Target	169.87
Upside Intraday Target	150.12

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Thu Feb 2024	146.00	142.30	162.05	142.30	1 times
25 Thu Jan 2024	140.00	152.00	158.00	137.75	1.133 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

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
01 Thu Feb 2024	146.00	145.10	147.00	144.00	0.084 times
31 Wed Jan 2024	150.10	166.05	167.00	137.75	0.761 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

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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 BUY. Signal strength is Weak and stock is losing momentum.

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

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. Bulls are getting tired and bears are picking up momentum.

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 and the buying is gaining 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 148.11 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.