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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 2024-09-26 View latest technical analysis

10 day averaged volume of Raj Rayon is 34557

Date	Daily Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	24.22	24.19	24.48	23.99	0.5 times
25 Wed Sep 2024	24.48	24.36	25.00	24.36	0.615 times
24 Tue Sep 2024	24.86	25.25	25.40	24.66	0.536 times
23 Mon Sep 2024	25.17	25.00	25.34	24.50	0.773 times
20 Fri Sep 2024	24.93	24.35	25.15	24.21	1.288 times
19 Thu Sep 2024	24.66	25.25	25.60	24.66	0.973 times
18 Wed Sep 2024	25.17	25.78	25.81	24.86	0.932 times
17 Tue Sep 2024	25.31	24.51	25.50	24.50	1.995 times
16 Mon Sep 2024	25.00	25.01	25.50	25.00	1.284 times
13 Fri Sep 2024	25.52	25.52	25.95	25.52	1.325 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.8, but if it comes above 24.8, then a intra day buy could be more profitable.
If you take a sell trade below 24.8, then use 24.8 as stoploss and 23.4 as target. However if you take a buy trade in stock , then use 24.8 as stoploss and 25.93 as target.

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	22.25
Downside Target	23.50
Upside Target	25.40
Upside Target	25.68
Upside Target	25.81
Upside Target	26.17
Upside Target	28.32
Upside Target	28.74

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	23.67
Downside Intraday Target	23.13
Upside Intraday Target	25.08
Upside Intraday Target	25.95
Upside Intraday Target	24.54

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Thu Sep 2024	24.22	25.00	25.40	23.99	0.375 times
20 Fri Sep 2024	24.93	25.01	25.81	24.21	0.884 times
13 Fri Sep 2024	25.52	28.74	28.74	25.52	0.459 times
06 Fri Sep 2024	28.18	26.19	28.32	26.17	1.127 times
30 Fri Aug 2024	25.68	24.71	25.68	23.72	2.834 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
26 Thu Sep 2024	24.22	26.19	28.74	23.99	1.071 times
30 Fri Aug 2024	25.68	23.00	25.68	21.66	1.217 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

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 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 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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Raj Rayon in short term but the sell signal is initial and weak.

Raj Rayon Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 25.04 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 positive

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