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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 2024-06-18 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 8200

Date	Daily Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	136.25	148.45	148.45	135.70	2.561 times
14 Fri Jun 2024	142.80	149.95	150.00	142.05	1.22 times
13 Thu Jun 2024	143.50	143.45	147.95	143.45	1.098 times
12 Wed Jun 2024	151.00	149.95	151.00	145.55	0.366 times
11 Tue Jun 2024	151.05	151.00	151.05	151.00	0.244 times
10 Mon Jun 2024	150.95	146.00	151.00	145.50	3.902 times
07 Fri Jun 2024	143.85	142.00	143.85	142.00	0.732 times
06 Thu Jun 2024	137.00	136.25	139.00	135.00	0.976 times
05 Wed Jun 2024	138.00	140.00	140.00	138.00	0.244 times
04 Tue Jun 2024	142.45	142.45	142.50	142.45	0.61 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 stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 134.7 as stoploss in an intra day buy trade for a target of 143.88. However, stock will show a bearish move below 134.7.

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	135.00
Upside Target	138.50
Upside Target	146.00
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	131.82
Downside Intraday Target	127.38
Upside Intraday Target	144.57
Upside Intraday Target	152.88
Upside Intraday Target	140.13

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Tue Jun 2024	136.25	148.45	148.45	135.70	0.375 times
14 Fri Jun 2024	142.80	146.00	151.05	142.05	2.154 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

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
18 Tue Jun 2024	136.25	149.50	152.00	135.00	0.261 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 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 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 to mid 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 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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Mcon Rasayan in short term but the sell signal is initial and weak.

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 green color and prices are in or below the green 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 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 144.02 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.