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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 2024-08-29 View latest technical analysis

10 day averaged volume of Raj Rayon is 56877

Date	Daily Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	25.18	25.18	25.18	25.00	1.048 times
28 Wed Aug 2024	24.69	24.21	24.69	23.72	2.072 times
27 Tue Aug 2024	24.21	24.21	24.21	24.21	0.862 times
26 Mon Aug 2024	24.71	24.71	24.71	24.71	3.149 times
23 Fri Aug 2024	24.23	24.23	24.23	24.23	0.345 times
22 Thu Aug 2024	23.76	23.76	23.76	23.76	0.442 times
21 Wed Aug 2024	23.30	23.28	23.30	22.85	0.733 times
20 Tue Aug 2024	22.85	22.83	22.85	22.01	1.277 times
19 Mon Aug 2024	22.41	21.71	22.49	21.71	0.237 times
16 Fri Aug 2024	22.09	22.79	22.79	22.05	0.442 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 25.2, for a target of 24.1 or 23.18

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	19.70
Downside Target	20.50
Downside Target	21.66
Downside Target	23.14
Downside Target	23.50
Downside Target	23.72
Downside Target	24.10
Downside Target	24.23
Downside Target	25.18

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	24.21
Downside Intraday Target	23.23
Upside Intraday Target	25.67
Upside Intraday Target	26.15
Downside Intraday Target	24.69

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	25.18	24.71	25.18	23.72	2.35 times
23 Fri Aug 2024	24.23	21.71	24.23	21.71	1.435 times
16 Fri Aug 2024	22.09	21.66	22.99	21.66	0.803 times
09 Fri Aug 2024	22.10	22.80	23.14	21.87	0.448 times
02 Fri Aug 2024	22.80	21.76	23.50	21.05	1.818 times

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
29 Thu Aug 2024	25.18	23.00	25.18	21.66	1.119 times
31 Wed Jul 2024	22.63	21.05	22.63	20.06	1.76 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

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 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 to mid 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 mid to longer 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.

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 and the buy signal is strong.

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 green color and prices are above the green cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term and the buying is gaining 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 24.17 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.