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(RAJRILTD_BE) Raj Rayon complete technical analysis [charts+indicators] | Buy/Sell Raj Rayon | (RAJRILTD_BE) share price targets

Complete technical analysis of Raj Rayon (RAJRILTD_BE) by charts plus indicators, forecast predictions and share price targets for Raj Rayon (RAJRILTD_BE)

Showing technical analysis as on 2024-04-09 View latest technical analysis

10 day averaged volume of Raj Rayon is 68706

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	23.20	23.20	23.20	23.20	0.046 times
08 Mon Apr 2024	22.75	22.75	22.75	22.75	0.107 times
05 Fri Apr 2024	22.35	22.35	22.35	22.35	0.072 times
04 Thu Apr 2024	21.95	21.95	21.95	21.95	0.072 times
03 Wed Apr 2024	21.55	20.75	21.55	20.75	3.091 times
02 Tue Apr 2024	21.15	21.15	21.15	21.15	0.325 times
01 Mon Apr 2024	21.55	21.55	21.55	21.55	0.173 times
28 Thu Mar 2024	21.95	21.95	21.95	21.95	0.118 times
27 Wed Mar 2024	22.40	22.40	22.40	22.40	0.081 times
26 Tue Mar 2024	22.85	22.80	23.70	22.80	5.873 times

My analysis of stock is bearish for shortterm, and stock might move down till 21.8 or till 19.5. Use a stoploss of 23.8 and if the stock hits stoploss, then it can shoot up till 25.77

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	15.00
Downside Target	18.75
Downside Target	20.75
Downside Target	21.95
Upside Target	23.25
Upside Target	23.70
Upside Target	25.15
Upside Target	25.65
Upside Target	27.25
Upside Target	27.45
Upside Target	27.75
Upside Target	29.95

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	22.9
Downside Intraday Target	22.6
Upside Intraday Target	23.35
Upside Intraday Target	23.5
Downside Intraday Target	23.05

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	23.20	22.75	23.20	22.75	0.041 times
05 Fri Apr 2024	22.35	21.55	22.35	20.75	0.615 times
28 Thu Mar 2024	21.95	22.80	23.70	21.95	24.117 times
22 Fri Mar 2024	23.25	25.15	25.15	23.25	0.18 times
15 Fri Mar 2024	25.65	27.75	27.75	25.65	0.286 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 Raj Rayon (RAJRILTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	23.20	21.55	23.20	20.75	0.301 times
28 Thu Mar 2024	21.95	27.75	29.95	21.95	0.982 times
29 Thu Feb 2024	27.25	18.75	27.25	18.75	0.663 times
31 Wed Jan 2024	18.40	18.90	18.90	15.00	0.868 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 Raj Rayon (RAJRILTD_BE)

Price action analysis of Raj Rayon ( (RAJRILTD_BE) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Raj Rayon ( (RAJRILTD_BE) ) 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 Raj Rayon ( (RAJRILTD_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 Raj Rayon ( (RAJRILTD_BE) ) 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 Raj Rayon stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Raj Rayon 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.

Raj Rayon 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Raj Rayon in short term and BUY 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 Raj Rayon is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.34 and Raj Rayon (RAJRILTD_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 Raj Rayon (RAJRILTD_BE) stock. Volume based technical analysis of Raj Rayon (RAJRILTD_BE) stock is negative.

Raj Rayon 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.