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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 2024-05-23 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 10900

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu May 2024	141.05	141.00	141.05	141.00	5.138 times
22 Wed May 2024	128.25	120.00	128.25	120.00	1.835 times
21 Tue May 2024	116.60	116.00	116.60	110.00	1.468 times
18 Sat May 2024	106.00	105.35	106.00	105.35	0.183 times
17 Fri May 2024	110.80	120.00	120.00	109.50	1.56 times
16 Thu May 2024	120.00	117.00	120.00	117.00	1.009 times
15 Wed May 2024	117.00	120.00	121.00	116.25	1.651 times
07 Tue May 2024	128.75	121.00	128.95	121.00	0.55 times
06 Mon May 2024	129.90	119.00	129.90	119.00	0.734 times
03 Fri May 2024	120.00	120.00	120.00	119.00	0.734 times

Stock of Mcon Rasayan (MCON_SM) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 135.3, but if it comes below 135.3, then a intra day sell could be more profitable.
If you take a sell trade below 135.3, then use 135.3 as stoploss and 126.37 as target. However if you take a buy trade in stock , then use 135.3 as stoploss and 146 as target.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	105.35
Downside Target	110.00
Downside Target	115.00
Downside Target	119.00
Downside Target	121.55
Downside Target	124.00
Downside Target	128.00
Downside Target	137.75
Downside Target	138.50
Downside Target	141.05
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	120.35
Downside Intraday Target	99.65
Upside Intraday Target	151.4
Upside Intraday Target	161.75
Downside Intraday Target	130.7

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu May 2024	141.05	116.00	141.05	110.00	1.484 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
23 Thu May 2024	141.05	128.00	141.05	105.35	1.398 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 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 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 Strong 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 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 127.3 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.