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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 2024-05-28 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 30600

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue May 2024	147.25	147.25	147.35	147.25	1.176 times
27 Mon May 2024	155.00	161.90	162.60	147.15	2.451 times
24 Fri May 2024	154.90	154.80	155.15	136.75	2.778 times
23 Thu May 2024	141.05	141.00	141.05	141.00	1.83 times
22 Wed May 2024	128.25	120.00	128.25	120.00	0.654 times
21 Tue May 2024	116.60	116.00	116.60	110.00	0.523 times
18 Sat May 2024	106.00	105.35	106.00	105.35	0.065 times
17 Fri May 2024	110.80	120.00	120.00	109.50	0.556 times
16 Thu May 2024	120.00	117.00	120.00	117.00	0.359 times
15 Wed May 2024	117.00	120.00	121.00	116.25	0.588 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 142.9, but if it comes below 142.9, then a intra day sell could be more profitable.
If you take a sell trade below 142.9, then use 142.9 as stoploss and 129.92 as target. However if you take a buy trade in stock , then use 142.9 as stoploss and 158.6 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	128.00
Downside Target	137.75
Downside Target	146.00
Downside Target	147.15
Upside Target	155.00
Upside Target	155.15
Upside Target	162.60
Upside Target	167.00

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	142.07
Downside Intraday Target	136.88
Upside Intraday Target	157.52
Upside Intraday Target	167.78
Upside Intraday Target	152.33

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue May 2024	147.25	161.90	162.60	147.15	0.627 times
24 Fri May 2024	154.90	116.00	155.15	110.00	2.855 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

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
28 Tue May 2024	147.25	128.00	162.60	105.35	3.059 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, and volume has increased substantially. This means that the move can 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 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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Mcon Rasayan stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Mcon Rasayan in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying 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 142.69 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.