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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 2024-10-11 View latest technical analysis

10 day averaged volume of Raj Rayon is 34006

Date	Daily Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	23.93	23.80	23.94	23.51	0.177 times
10 Thu Oct 2024	23.88	24.24	24.24	23.56	0.214 times
09 Wed Oct 2024	23.84	24.11	24.11	23.57	0.529 times
08 Tue Oct 2024	23.64	23.99	24.09	23.14	2.789 times
07 Mon Oct 2024	23.62	24.21	24.21	23.26	2.118 times
04 Fri Oct 2024	23.74	24.00	24.10	23.41	0.413 times
03 Thu Oct 2024	23.67	23.11	23.98	23.11	1.326 times
01 Tue Oct 2024	23.59	24.00	24.00	23.41	1.162 times
30 Mon Sep 2024	23.54	23.97	23.99	23.52	0.425 times
27 Fri Sep 2024	24.00	24.22	24.22	23.85	0.516 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 23.7 as stoploss in an intra day buy trade for a target of 24.34. However, stock will show a bearish move below 23.7.

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	23.11
Upside Target	24.24
Upside Target	25.40
Upside Target	25.52
Upside Target	25.68
Upside Target	25.81
Upside Target	28.74

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	23.3
Downside Intraday Target	22.67
Upside Intraday Target	24.4
Upside Intraday Target	24.87
Downside Intraday Target	23.77

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Fri Oct 2024	23.93	24.21	24.24	23.14	1.753 times
04 Fri Oct 2024	23.74	23.97	24.10	23.11	1.116 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

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
11 Fri Oct 2024	23.93	24.00	24.24	23.11	0.26 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 neutral. A longer time frame might give a better analysis.

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 and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 moving up

CCI has generated a SELL signal for Raj Rayon in short term but SELL 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

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 23.67 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 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.