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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 2024-05-06 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 6500

Date	Daily Closing Price	Open	High	Low	Volume
06 Mon May 2024	129.90	119.00	129.90	119.00	1.231 times
03 Fri May 2024	120.00	120.00	120.00	119.00	1.231 times
02 Thu May 2024	121.55	128.00	128.00	121.50	0.462 times
29 Mon Apr 2024	127.95	127.00	127.95	124.10	4.154 times
26 Fri Apr 2024	137.85	134.05	138.00	134.05	0.615 times
25 Thu Apr 2024	138.50	134.00	138.50	133.00	0.462 times
24 Wed Apr 2024	134.00	132.00	134.00	132.00	0.462 times
23 Tue Apr 2024	132.00	132.00	132.00	132.00	0.154 times
22 Mon Apr 2024	131.00	128.00	131.00	128.00	0.462 times
18 Thu Apr 2024	128.00	129.15	129.15	125.00	1.385 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 132.5 as stoploss in an intra day sell trade for a target of 126.37. However, stock will show a bullish move above 132.5.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	106.40
Downside Target	115.00
Downside Target	119.00
Downside Target	121.55
Downside Target	124.00
Downside Target	128.00
Upside Target	131.00
Upside Target	137.75
Upside Target	138.50
Upside Target	146.00
Upside Target	155.00
Upside Target	167.00

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	122.63
Downside Intraday Target	115.37
Upside Intraday Target	133.53
Upside Intraday Target	137.17
Downside Intraday Target	126.27

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Mon May 2024	129.90	119.00	129.90	119.00	0.211 times
03 Fri May 2024	120.00	127.00	128.00	119.00	2.714 times
26 Fri Apr 2024	137.85	128.00	138.50	128.00	0.667 times
18 Thu Apr 2024	128.00	124.50	131.00	124.00	0.583 times
12 Fri Apr 2024	121.70	121.05	130.00	115.00	1.8 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
06 Mon May 2024	129.90	128.00	129.90	119.00	0.161 times
29 Mon Apr 2024	127.95	121.55	138.50	115.00	0.843 times
28 Thu Mar 2024	115.90	145.00	146.00	106.40	0.67 times
29 Thu Feb 2024	155.00	145.10	155.00	121.55	1.462 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 neutral. A longer time frame might give a better analysis.

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 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 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 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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 128.47 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 positive

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