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(RAJMET_BE) Rajnandini Metal complete technical analysis [charts+indicators] | Buy/Sell Rajnandini Metal | (RAJMET_BE) share price targets

Complete technical analysis of Rajnandini Metal (RAJMET_BE) by charts plus indicators, forecast predictions and share price targets for Rajnandini Metal (RAJMET_BE)

Showing technical analysis as on 2024-04-02 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 945694

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	11.30	11.30	11.30	11.15	0.478 times
01 Mon Apr 2024	10.80	10.60	10.80	10.60	0.358 times
28 Thu Mar 2024	10.30	10.70	11.10	10.25	2.043 times
27 Wed Mar 2024	10.70	11.20	11.20	10.65	1.872 times
26 Tue Mar 2024	11.20	11.60	11.75	11.10	1.11 times
22 Fri Mar 2024	11.60	11.80	11.80	11.45	0.731 times
21 Thu Mar 2024	11.40	11.60	11.65	11.00	0.739 times
20 Wed Mar 2024	11.35	11.35	11.55	11.00	0.596 times
19 Tue Mar 2024	11.35	11.90	11.95	11.25	0.9 times
18 Mon Mar 2024	11.80	12.00	12.15	11.30	0.724 times

My analysis of stock is bearish for shortterm, and stock might move down till 10.9 or till 10. Use a stoploss of 11.61 and if the stock hits stoploss, then it can shoot up till 12.35

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	8.80
Downside Target	9.90
Downside Target	10.25
Downside Target	10.60
Downside Target	11.00
Downside Target	11.30
Upside Target	11.70
Upside Target	12.15
Upside Target	12.35
Upside Target	14.00
Upside Target	14.30
Upside Target	16.20
Upside Target	19.00

Intraday share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Intraday Target	10.83
Downside Intraday Target	10.37
Upside Intraday Target	11.53
Upside Intraday Target	11.77
Downside Intraday Target	11.07

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	11.30	10.60	11.30	10.60	0.166 times
28 Thu Mar 2024	10.30	11.60	11.75	10.25	1.362 times
22 Fri Mar 2024	11.60	12.00	12.15	11.00	0.5 times
15 Fri Mar 2024	11.75	12.25	12.35	10.30	1.021 times
07 Thu Mar 2024	12.10	13.85	14.00	11.90	0.524 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 Rajnandini Metal (RAJMET_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	11.30	10.60	11.30	10.60	0.031 times
28 Thu Mar 2024	10.30	12.90	14.00	10.25	0.569 times
29 Thu Feb 2024	12.30	16.10	16.20	11.70	1.031 times
31 Wed Jan 2024	15.90	18.90	19.00	14.30	0.974 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 Rajnandini Metal (RAJMET_BE)

Price action analysis of Rajnandini Metal ( (RAJMET_BE) ) 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 Rajnandini Metal ( (RAJMET_BE) ) 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 Rajnandini Metal ( (RAJMET_BE) ) based on a mid to longer 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.

ADX buy sell signal for Rajnandini Metal stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Rajnandini Metal in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Rajnandini Metal 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 moving up

CCI has generated a buy signal for Rajnandini Metal in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling 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 Rajnandini Metal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.01 and Rajnandini Metal (RAJMET_BE) 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 Rajnandini Metal (RAJMET_BE) stock. Volume based technical analysis of Rajnandini Metal (RAJMET_BE) stock is negative.

Rajnandini Metal 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.