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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 2024-05-21 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 10400

Date	Daily Closing Price	Open	High	Low	Volume
21 Tue May 2024	116.60	116.00	116.60	110.00	1.538 times
18 Sat May 2024	106.00	105.35	106.00	105.35	0.192 times
17 Fri May 2024	110.80	120.00	120.00	109.50	1.635 times
16 Thu May 2024	120.00	117.00	120.00	117.00	1.058 times
15 Wed May 2024	117.00	120.00	121.00	116.25	1.731 times
07 Tue May 2024	128.75	121.00	128.95	121.00	0.577 times
06 Mon May 2024	129.90	119.00	129.90	119.00	0.769 times
03 Fri May 2024	120.00	120.00	120.00	119.00	0.769 times
02 Thu May 2024	121.55	128.00	128.00	121.50	0.288 times
29 Mon Apr 2024	127.95	127.00	127.95	124.10	2.596 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 116.2 as stoploss in an intra day buy trade for a target of 124.74. However, stock will show a bearish move below 116.2.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	105.35
Downside Target	110.00
Downside Target	115.00
Upside Target	119.00
Upside Target	121.55
Upside Target	124.00
Upside Target	128.00
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	107.8
Upside Intraday Target	118.8
Upside Intraday Target	121
Downside Intraday Target	114.4

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Tue May 2024	116.60	116.00	116.60	110.00	0.258 times
18 Sat May 2024	106.00	119.00	129.90	105.35	1.632 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

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
21 Tue May 2024	116.60	128.00	129.90	105.35	0.754 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 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 SELL. 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 120.5 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.