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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 2024-07-10 View latest technical analysis

10 day averaged volume of Raj Rayon is 28605

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	20.64	20.66	21.48	20.64	1.703 times
09 Tue Jul 2024	21.07	21.10	21.10	20.32	1.317 times
08 Mon Jul 2024	20.69	21.00	21.30	20.61	1.175 times
05 Fri Jul 2024	21.02	21.34	21.35	20.55	1.333 times
04 Thu Jul 2024	20.96	21.39	21.39	20.66	0.52 times
03 Wed Jul 2024	21.01	21.71	21.71	20.89	1.649 times
02 Tue Jul 2024	21.32	21.49	21.49	20.71	0.881 times
01 Mon Jul 2024	21.07	21.05	21.07	20.70	0.793 times
28 Fri Jun 2024	20.66	20.70	20.99	20.34	0.526 times
27 Thu Jun 2024	20.74	21.25	21.32	20.69	1.265 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 20.8, but if it comes above 20.8, then a intra day buy could be more profitable.
If you take a sell trade below 20.8, then use 20.8 as stoploss and 20.4 as target. However if you take a buy trade in stock , then use 20.8 as stoploss and 21.11 as target.

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	19.70
Downside Target	20.32
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	20.15
Downside Intraday Target	19.65
Upside Intraday Target	21.31
Upside Intraday Target	21.97
Upside Intraday Target	20.81

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Jul 2024	20.64	21.00	21.48	20.32	0.81 times
05 Fri Jul 2024	21.02	21.05	21.71	20.55	1.408 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

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
10 Wed Jul 2024	20.64	21.05	21.71	20.32	0.553 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 down 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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. Bears 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 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 negative zone. This is the SELL 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 20.91 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.