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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 55243

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri Apr 2024	22.20	22.50	22.50	22.20	0.199 times
18 Thu Apr 2024	22.65	21.85	22.70	21.85	1.909 times
16 Tue Apr 2024	22.30	22.30	22.85	22.30	1.321 times
15 Mon Apr 2024	22.75	22.75	22.75	22.75	0.395 times
12 Fri Apr 2024	23.20	24.10	24.10	23.20	1.979 times
10 Wed Apr 2024	23.65	23.65	23.65	23.65	0.183 times
09 Tue Apr 2024	23.20	23.20	23.20	23.20	0.057 times
08 Mon Apr 2024	22.75	22.75	22.75	22.75	0.134 times
05 Fri Apr 2024	22.35	22.35	22.35	22.35	0.09 times
04 Thu Apr 2024	21.95	21.95	21.95	21.95	0.089 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 21.8 as stoploss in an intra day buy trade for a target of 22.71. However, stock will show a bearish move below 21.8.

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	21.85
Upside Target	23.25
Upside Target	23.70
Upside Target	24.10
Upside Target	25.15
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	21.75
Downside Intraday Target	21.3
Upside Intraday Target	22.75
Upside Intraday Target	23.3
Upside Intraday Target	22.3

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
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
22 Fri Mar 2024	23.25	25.15	25.15	23.25	0.18 times

Price has moved down 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
19 Fri Apr 2024	22.20	21.55	24.10	20.75	0.674 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.

ADX buy sell signal for Raj Rayon stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

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

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. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 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 22.76 and Raj Rayon (RAJRILTD_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.

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