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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 2024-07-04 View latest technical analysis

10 day averaged volume of Raj Rayon is 27799

Date	Daily Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	20.96	21.39	21.39	20.66	0.535 times
03 Wed Jul 2024	21.01	21.71	21.71	20.89	1.697 times
02 Tue Jul 2024	21.32	21.49	21.49	20.71	0.906 times
01 Mon Jul 2024	21.07	21.05	21.07	20.70	0.816 times
28 Fri Jun 2024	20.66	20.70	20.99	20.34	0.542 times
27 Thu Jun 2024	20.74	21.25	21.32	20.69	1.302 times
26 Wed Jun 2024	21.12	21.40	21.40	20.59	0.556 times
25 Tue Jun 2024	21.02	21.41	21.41	20.80	0.752 times
24 Mon Jun 2024	21.00	20.87	21.28	20.87	0.63 times
21 Fri Jun 2024	20.87	21.27	21.69	20.84	2.075 times

My analysis of stock is bearish for shortterm, and stock might move down till 20.7 or till 20.2. Use a stoploss of 21.08 and if the stock hits stoploss, then it can shoot up till 21.49

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	20.51
Downside Intraday Target	20.06
Upside Intraday Target	21.56
Upside Intraday Target	22.16
Upside Intraday Target	21.11

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Thu Jul 2024	20.96	21.05	21.71	20.66	1.046 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
04 Thu Jul 2024	20.96	21.05	21.71	20.66	0.227 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 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 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 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.

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 below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Raj Rayon in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 20.96 and Raj Rayon (RAJRILTD_BE) stock is trading below this level. This means that stock is falling with high volumes. 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.