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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 2024-02-13 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 6700

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	137.00	140.00	140.00	137.00	0.597 times
12 Mon Feb 2024	140.40	148.00	149.00	140.00	1.194 times
09 Fri Feb 2024	143.00	142.10	143.00	142.10	0.597 times
08 Thu Feb 2024	142.10	144.00	144.10	142.10	0.448 times
07 Wed Feb 2024	144.15	150.00	150.00	144.00	0.597 times
06 Tue Feb 2024	139.85	145.40	146.75	139.80	1.791 times
05 Mon Feb 2024	145.40	145.05	151.50	145.05	0.746 times
02 Fri Feb 2024	145.05	140.10	152.50	140.10	0.746 times
01 Thu Feb 2024	146.00	145.10	147.00	144.00	1.791 times
31 Wed Jan 2024	150.10	162.05	162.05	147.50	1.493 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 141, but if it comes above 141, then a intra day buy could be more profitable.
If you take a sell trade below 141, then use 141 as stoploss and 133.2 as target. However if you take a buy trade in stock , then use 141 as stoploss and 147.55 as target.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	121.00
Downside Target	136.90
Upside Target	149.00
Upside Target	152.50
Upside Target	153.15
Upside Target	158.00
Upside Target	159.40
Upside Target	160.25
Upside Target	162.05
Upside Target	167.00
Upside Target	179.35

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	133
Downside Intraday Target	129
Upside Intraday Target	145
Upside Intraday Target	153
Upside Intraday Target	141

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Feb 2024	137.00	148.00	149.00	137.00	0.429 times
09 Fri Feb 2024	143.00	145.05	151.50	139.80	0.718 times
02 Fri Feb 2024	145.05	142.30	162.05	140.10	1.147 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

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
13 Tue Feb 2024	137.00	145.10	152.50	137.00	0.399 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 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 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 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 143.72 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.