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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 2024-10-01 View latest technical analysis

10 day averaged volume of Raj Rayon is 29507

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	23.59	24.00	24.00	23.41	1.339 times
30 Mon Sep 2024	23.54	23.97	23.99	23.52	0.49 times
27 Fri Sep 2024	24.00	24.22	24.22	23.85	0.594 times
26 Thu Sep 2024	24.22	24.19	24.48	23.99	0.586 times
25 Wed Sep 2024	24.48	24.36	25.00	24.36	0.72 times
24 Tue Sep 2024	24.86	25.25	25.40	24.66	0.628 times
23 Mon Sep 2024	25.17	25.00	25.34	24.50	0.905 times
20 Fri Sep 2024	24.93	24.35	25.15	24.21	1.509 times
19 Thu Sep 2024	24.66	25.25	25.60	24.66	1.14 times
18 Wed Sep 2024	25.17	25.78	25.81	24.86	1.092 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 24.2, but if it comes above 24.2, then a intra day buy could be more profitable.
If you take a sell trade below 24.2, then use 24.2 as stoploss and 22.5 as target. However if you take a buy trade in stock , then use 24.2 as stoploss and 25.56 as target.

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	19.70
Downside Target	21.66
Downside Target	22.25
Downside Target	23.41
Upside Target	25.40
Upside Target	25.52
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	23.33
Downside Intraday Target	23.08
Upside Intraday Target	23.92
Upside Intraday Target	24.26
Upside Intraday Target	23.67

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	23.59	23.97	24.00	23.41	0.533 times
27 Fri Sep 2024	24.00	25.00	25.40	23.85	0.453 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

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
01 Tue Oct 2024	23.59	24.00	24.00	23.41	0.035 times
30 Mon Sep 2024	23.54	26.19	28.74	23.52	1.102 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

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 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 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 red color and prices are below the red cloud Prices appear to be moving up

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 and selling is picking up 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 24.53 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.