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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 2024-04-23 View latest technical analysis

10 day averaged volume of Raj Rayon is 43578

Date	Daily Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	22.85	22.85	22.85	22.05	1.691 times
22 Mon Apr 2024	22.45	22.20	22.60	21.75	2.057 times
19 Fri Apr 2024	22.20	22.50	22.50	22.20	0.252 times
18 Thu Apr 2024	22.65	21.85	22.70	21.85	2.42 times
16 Tue Apr 2024	22.30	22.30	22.85	22.30	1.674 times
15 Mon Apr 2024	22.75	22.75	22.75	22.75	0.5 times
12 Fri Apr 2024	23.20	24.10	24.10	23.20	2.508 times
10 Wed Apr 2024	23.65	23.65	23.65	23.65	0.232 times
09 Tue Apr 2024	23.20	23.20	23.20	23.20	0.072 times
08 Mon Apr 2024	22.75	22.75	22.75	22.75	0.169 times

My analysis of stock is bullish for shortterm, and stock might move up till 23.2 or till 24. Use a stoploss of 22.54 and if this stock hits its stoploss, then it can fall down till 21.87

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	21.75
Downside Target	22.85
Upside Target	23.70
Upside Target	24.10
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	22.12
Downside Intraday Target	21.38
Upside Intraday Target	23.22
Upside Intraday Target	23.58
Downside Intraday Target	22.48

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Tue Apr 2024	22.85	22.20	22.85	21.75	0.773 times
19 Fri Apr 2024	22.20	22.75	22.85	21.85	1.625 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

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
23 Tue Apr 2024	22.85	21.55	24.10	20.75	0.858 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Raj Rayon ( (RAJRILTD_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 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 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 Raj Rayon stock for short term is SELL. 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears 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 but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 22.73 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.