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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)

10 day averaged volume of Raj Rayon is 54462

Date	Daily Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	22.85	23.75	23.75	22.85	0.874 times
24 Wed Apr 2024	23.30	23.30	23.30	22.85	0.872 times
23 Tue Apr 2024	22.85	22.85	22.85	22.05	1.353 times
22 Mon Apr 2024	22.45	22.20	22.60	21.75	1.646 times
19 Fri Apr 2024	22.20	22.50	22.50	22.20	0.202 times
18 Thu Apr 2024	22.65	21.85	22.70	21.85	1.936 times
16 Tue Apr 2024	22.30	22.30	22.85	22.30	1.34 times
15 Mon Apr 2024	22.75	22.75	22.75	22.75	0.4 times
12 Fri Apr 2024	23.20	24.10	24.10	23.20	2.007 times
10 Wed Apr 2024	23.65	23.65	23.65	23.65	0.186 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 23.1 as stoploss in an intra day sell trade for a target of 22.5. However, stock will show a bullish move above 23.1.

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	15.00
Downside Target	18.75
Downside Target	20.75
Downside Target	21.75
Downside Target	22.85
Upside Target	23.70
Upside Target	23.75
Upside Target	24.10
Upside Target	27.25
Upside Target	27.45
Upside Target	29.95

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	21.82
Downside Intraday Target	20.78
Upside Intraday Target	23.82
Upside Intraday Target	24.78
Downside Intraday Target	22.78

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Thu Apr 2024	22.85	22.20	23.75	21.75	1.223 times
19 Fri Apr 2024	22.20	22.75	22.85	21.85	1.625 times
12 Fri Apr 2024	23.20	22.75	24.10	22.75	0.507 times
05 Fri Apr 2024	22.35	21.55	22.35	20.75	0.615 times
28 Thu Mar 2024	21.95	22.80	23.70	21.95	24.117 times

Price has moved up 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
25 Thu Apr 2024	22.85	21.55	24.10	20.75	0.966 times
28 Thu Mar 2024	21.95	27.75	29.95	21.95	0.982 times
29 Thu Feb 2024	27.25	18.75	27.25	18.75	0.663 times
31 Wed Jan 2024	18.40	18.90	18.90	15.00	0.868 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Raj Rayon ( (RAJRILTD_BE) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 but the buy signal is initial and weak.

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 in or above the red cloud Prices appear to be coming down

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

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 22.78 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.