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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 2024-04-15 View latest technical analysis

10 day averaged volume of Raj Rayon is 39449

Date	Daily Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	22.75	22.75	22.75	22.75	0.553 times
12 Fri Apr 2024	23.20	24.10	24.10	23.20	2.771 times
10 Wed Apr 2024	23.65	23.65	23.65	23.65	0.257 times
09 Tue Apr 2024	23.20	23.20	23.20	23.20	0.08 times
08 Mon Apr 2024	22.75	22.75	22.75	22.75	0.187 times
05 Fri Apr 2024	22.35	22.35	22.35	22.35	0.126 times
04 Thu Apr 2024	21.95	21.95	21.95	21.95	0.125 times
03 Wed Apr 2024	21.55	20.75	21.55	20.75	5.383 times
02 Tue Apr 2024	21.15	21.15	21.15	21.15	0.566 times
01 Mon Apr 2024	21.55	21.55	21.55	21.55	0.302 times

My analysis of stock is bearish for shortterm, and stock might move down till 21.8 or till 20.2. Use a stoploss of 23.2 and if the stock hits stoploss, then it can shoot up till 24.55

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	24.10
Upside Target	25.15
Upside Target	27.25
Upside Target	27.45
Upside Target	29.95

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	22.75
Downside Intraday Target	22.75
Downside Intraday Target	22.75
Downside Intraday Target	22.75
Downside Intraday Target	22.75

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	22.75	22.75	22.75	22.75	0.168 times
12 Fri Apr 2024	23.20	22.75	24.10	22.75	0.507 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

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 Raj Rayon (RAJRILTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
15 Mon Apr 2024	22.75	21.55	24.10	20.75	0.46 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 BUY signal for Raj Rayon in short term but the buy signal is initial and weak.

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

Raj Rayon Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears 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 Raj Rayon in short term but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Raj Rayon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.14 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 rising upwards.

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 is giving positive 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.