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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 2024-10-21 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 8700

Date	Daily Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	143.00	140.00	143.00	136.80	0.805 times
18 Fri Oct 2024	143.30	143.70	144.00	143.30	0.575 times
17 Thu Oct 2024	143.70	148.00	148.00	143.70	0.92 times
16 Wed Oct 2024	149.00	150.00	150.00	149.00	0.345 times
15 Tue Oct 2024	151.00	149.25	151.00	147.00	0.575 times
14 Mon Oct 2024	149.25	143.00	149.25	142.00	1.494 times
11 Fri Oct 2024	142.15	146.00	146.00	142.15	0.46 times
10 Thu Oct 2024	148.30	142.95	148.30	142.95	0.345 times
09 Wed Oct 2024	142.95	150.50	150.50	142.90	3.333 times
08 Tue Oct 2024	150.40	150.00	150.95	144.05	1.494 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 145.1, but if it comes above 145.1, then a intra day buy could be more profitable.
If you take a sell trade below 145.1, then use 145.1 as stoploss and 103.9 as target. However if you take a buy trade in stock , then use 145.1 as stoploss and 179.48 as target.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	105.35
Downside Target	115.00
Downside Target	135.00
Downside Target	142.00
Upside Target	151.00
Upside Target	162.60
Upside Target	191.05
Upside Target	196.00
Upside Target	196.50
Upside Target	201.10
Upside Target	210.65
Upside Target	216.60
Upside Target	244.35

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	138.87
Downside Intraday Target	134.73
Upside Intraday Target	145.07
Upside Intraday Target	147.13
Downside Intraday Target	140.93

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Mon Oct 2024	143.00	140.00	143.00	136.80	0.206 times
18 Fri Oct 2024	143.30	143.00	151.00	142.00	0.642 times
11 Fri Oct 2024	142.15	196.00	196.00	142.15	0.273 times
12 Fri Jul 2024	201.10	206.90	216.60	196.50	1.448 times
05 Fri Jul 2024	217.70	211.15	244.35	210.65	1.117 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
21 Mon Oct 2024	143.00	150.00	151.00	136.80	0.271 times
15 Mon Jul 2024	191.05	211.15	244.35	191.05	0.938 times
28 Fri Jun 2024	201.10	149.50	201.10	135.00	0.898 times
31 Fri May 2024	150.00	128.00	162.60	105.35	3.339 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 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 Strong and stock is gaining 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 coming down

CCI has generated a SELL signal for Mcon Rasayan in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 145.82 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.