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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 2024-02-27 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 12700

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	153.00	151.00	153.00	150.50	1.339 times
26 Mon Feb 2024	144.80	137.50	144.80	137.00	2.598 times
23 Fri Feb 2024	131.65	137.00	137.00	121.55	2.362 times
22 Thu Feb 2024	135.00	134.90	135.00	134.90	0.157 times
21 Wed Feb 2024	131.10	134.00	138.30	131.10	0.709 times
20 Tue Feb 2024	134.00	143.45	143.45	132.10	0.866 times
19 Mon Feb 2024	131.25	137.00	137.00	130.10	0.551 times
16 Fri Feb 2024	140.00	132.00	140.00	132.00	0.315 times
15 Thu Feb 2024	136.50	137.05	138.50	129.00	1.575 times
14 Wed Feb 2024	137.05	138.00	141.00	137.05	0.551 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 153.7, for a target of 146.4 or 140.37

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	121.00
Downside Target	129.00
Downside Target	136.90
Downside Target	143.45
Downside Target	149.00
Downside Target	153.00
Upside Target	153.15
Upside Target	159.40
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	142.33
Downside Intraday Target	131.67
Upside Intraday Target	158.33
Upside Intraday Target	163.67
Downside Intraday Target	147.67

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Feb 2024	153.00	137.50	153.00	137.00	0.847 times
23 Fri Feb 2024	131.65	137.00	143.45	121.55	1.372 times
16 Fri Feb 2024	140.00	148.00	149.00	129.00	1.536 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

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
27 Tue Feb 2024	153.00	145.10	153.00	121.55	1.378 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 up 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Mcon Rasayan ( (MCON_SM) ) based on a short to mid term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Mcon Rasayan Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Mcon Rasayan in short term and BUY 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

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 138.72 and Mcon Rasayan (MCON_SM) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.