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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 2024-05-15 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 6600

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	117.00	120.00	121.00	116.25	2.727 times
07 Tue May 2024	128.75	121.00	128.95	121.00	0.909 times
06 Mon May 2024	129.90	119.00	129.90	119.00	1.212 times
03 Fri May 2024	120.00	120.00	120.00	119.00	1.212 times
02 Thu May 2024	121.55	128.00	128.00	121.50	0.455 times
29 Mon Apr 2024	127.95	127.00	127.95	124.10	4.091 times
26 Fri Apr 2024	137.85	134.05	138.00	134.05	0.606 times
25 Thu Apr 2024	138.50	134.00	138.50	133.00	0.455 times
24 Wed Apr 2024	134.00	132.00	134.00	132.00	0.455 times
23 Tue Apr 2024	132.00	132.00	132.00	132.00	0.152 times

Stock of Mcon Rasayan (MCON_SM) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 120.2, but if it comes above 120.2, then a intra day buy could be more profitable.
If you take a sell trade below 120.2, then use 120.2 as stoploss and 112.5 as target. However if you take a buy trade in stock , then use 120.2 as stoploss and 126.5 as target.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	106.40
Downside Target	115.00
Upside Target	119.00
Upside Target	121.55
Upside Target	124.00
Upside 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	112.2
Downside Intraday Target	107.4
Upside Intraday Target	125.85
Upside Intraday Target	134.7
Upside Intraday Target	121.05

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	117.00	119.00	129.90	116.25	0.842 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 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
15 Wed May 2024	117.00	128.00	129.90	116.25	0.364 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 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 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 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY 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 125.9 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.