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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 2024-06-12 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 9300

Date	Daily Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	151.00	149.95	151.00	145.55	0.323 times
11 Tue Jun 2024	151.05	151.00	151.05	151.00	0.215 times
10 Mon Jun 2024	150.95	146.00	151.00	145.50	3.441 times
07 Fri Jun 2024	143.85	142.00	143.85	142.00	0.645 times
06 Thu Jun 2024	137.00	136.25	139.00	135.00	0.86 times
05 Wed Jun 2024	138.00	140.00	140.00	138.00	0.215 times
04 Tue Jun 2024	142.45	142.45	142.50	142.45	0.538 times
03 Mon Jun 2024	149.95	149.50	152.00	148.00	0.538 times
31 Fri May 2024	150.00	143.40	150.00	140.45	1.72 times
30 Thu May 2024	147.85	149.00	150.00	143.50	0.43 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 154.3 as stoploss in an intra day sell trade for a target of 139.59. However, stock will show a bullish move above 154.3.

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	121.55
Downside Target	129.90
Downside Target	135.00
Downside Target	138.50
Downside Target	145.50
Upside Target	151.05
Upside Target	152.00
Upside Target	155.00
Upside Target	155.15
Upside Target	162.60

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	147.32
Downside Intraday Target	143.63
Upside Intraday Target	152.87
Upside Intraday Target	154.73
Downside Intraday Target	149.18

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
12 Wed Jun 2024	151.00	146.00	151.05	145.50	1.423 times
07 Fri Jun 2024	143.85	149.50	152.00	135.00	0.181 times
31 Fri May 2024	150.00	161.90	162.60	139.90	0.814 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

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
12 Wed Jun 2024	151.00	149.50	152.00	135.00	0.16 times
31 Fri May 2024	150.00	128.00	162.60	105.35	3.339 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

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 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 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.

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 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 stronger in this stock.

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 and the buying is gaining 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 147.88 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 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 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.