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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 2024-07-03 View latest technical analysis

10 day averaged volume of Raj Rayon is 25541

Date	Daily Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	21.01	21.71	21.71	20.89	1.847 times
02 Tue Jul 2024	21.32	21.49	21.49	20.71	0.986 times
01 Mon Jul 2024	21.07	21.05	21.07	20.70	0.888 times
28 Fri Jun 2024	20.66	20.70	20.99	20.34	0.59 times
27 Thu Jun 2024	20.74	21.25	21.32	20.69	1.417 times
26 Wed Jun 2024	21.12	21.40	21.40	20.59	0.605 times
25 Tue Jun 2024	21.02	21.41	21.41	20.80	0.819 times
24 Mon Jun 2024	21.00	20.87	21.28	20.87	0.686 times
21 Fri Jun 2024	20.87	21.27	21.69	20.84	2.258 times
20 Thu Jun 2024	21.27	21.00	21.44	20.70	0.788 times

My analysis of stock is bearish for shortterm, and stock might move down till 20.6 or till 20. Use a stoploss of 21.04 and if the stock hits stoploss, then it can shoot up till 21.5

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	19.70
Downside Target	20.34
Upside Target	21.41
Upside Target	21.71
Upside Target	21.95
Upside Target	22.21
Upside Target	22.25
Upside Target	23.50
Upside Target	24.10
Upside Target	29.95

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	20.57
Downside Intraday Target	20.13
Upside Intraday Target	21.58
Upside Intraday Target	22.15
Upside Intraday Target	21.14

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Wed Jul 2024	21.01	21.05	21.71	20.70	0.904 times
28 Fri Jun 2024	20.66	20.87	21.41	20.34	0.828 times
21 Fri Jun 2024	20.87	22.21	22.21	20.70	0.976 times
14 Fri Jun 2024	21.79	20.91	22.25	20.45	1.061 times
07 Fri Jun 2024	20.50	21.60	21.60	19.70	0.861 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
03 Wed Jul 2024	21.01	21.05	21.71	20.70	0.196 times
28 Fri Jun 2024	20.66	21.60	22.25	19.70	0.814 times
31 Fri May 2024	21.30	23.20	23.50	20.50	0.632 times
30 Tue Apr 2024	23.20	21.55	24.10	20.75	1.062 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 BUY. Signal strength is Weak and stock is gaining 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. 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 coming down

CCI has generated a buy signal for Raj Rayon in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up 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 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 20.98 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.