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(MCON_ST) Mcon Rasayan complete technical analysis [charts+indicators] | Buy/Sell Mcon Rasayan | (MCON_ST) share price targets

Complete technical analysis of Mcon Rasayan (MCON_ST) by charts plus indicators, forecast predictions and share price targets for Mcon Rasayan (MCON_ST)

Showing technical analysis as on 2024-09-18 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 8400

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	185.50	185.00	190.00	185.00	0.357 times
17 Tue Sep 2024	186.50	186.10	186.55	186.00	0.476 times
16 Mon Sep 2024	186.10	190.00	190.00	186.10	0.476 times
13 Fri Sep 2024	188.00	188.00	188.00	188.00	0.119 times
12 Thu Sep 2024	194.25	196.00	196.00	186.20	6.31 times
11 Wed Sep 2024	195.95	197.50	197.50	195.95	0.833 times
10 Tue Sep 2024	192.00	186.00	192.00	186.00	0.476 times
09 Mon Sep 2024	185.00	193.95	193.95	184.25	0.357 times
06 Fri Sep 2024	193.95	193.95	193.95	193.95	0.357 times
04 Wed Sep 2024	193.95	193.90	194.00	193.90	0.357 times

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 184.2 as stoploss in an intra day buy trade for a target of 188.64. However, stock will show a bearish move below 184.2.

Share price targets for Mcon Rasayan (MCON_ST)

Target Type	Value
Downside Target	45.40
Downside Target	54.95
Downside Target	57.00
Downside Target	169.00
Downside Target	175.00
Downside Target	179.55
Downside Target	184.25
Upside Target	193.90
Upside Target	194.00
Upside Target	196.50
Upside Target	197.50
Upside Target	199.90
Upside Target	209.00

Intraday share price targets for Mcon Rasayan (MCON_ST)

Target Type	Value
Downside Intraday Target	183.67
Downside Intraday Target	181.83
Upside Intraday Target	188.67
Upside Intraday Target	191.83
Upside Intraday Target	186.83

Weekly technical analysis of Mcon Rasayan (MCON_ST)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	185.50	190.00	190.00	185.00	0.162 times
13 Fri Sep 2024	188.00	193.95	197.50	184.25	6.182 times
06 Fri Sep 2024	193.95	189.20	194.00	187.85	0.155 times
30 Fri Aug 2024	180.40	194.80	196.50	180.40	1.919 times
23 Fri Aug 2024	186.00	191.00	199.90	179.55	0.638 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_ST)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	185.50	189.20	197.50	184.25	0.398 times
30 Fri Aug 2024	180.40	193.00	209.00	175.00	1.018 times
31 Wed Jul 2024	185.50	185.00	193.90	169.00	8.222 times
03 Mon Apr 2023	54.95	54.95	54.95	54.95	0.011 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_ST)

Price action analysis of Mcon Rasayan ( (MCON_ST) ) 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_ST) ) 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_ST) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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

Mcon Rasayan Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 buy signal for Mcon Rasayan in short term but BUY 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 192.81 and Mcon Rasayan (MCON_ST) 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_ST) stock. Volume based technical analysis of Mcon Rasayan (MCON_ST) 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.