Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 18349

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	28.00	29.10	29.10	28.00	1.913 times
29 Wed Nov 2023	28.55	29.00	29.00	28.55	0.839 times
28 Tue Nov 2023	29.10	30.25	30.25	29.10	0.838 times
24 Fri Nov 2023	29.70	30.30	30.90	29.70	1.193 times
23 Thu Nov 2023	30.30	31.50	31.50	30.30	0.494 times
22 Wed Nov 2023	30.90	32.10	32.10	30.90	0.492 times
21 Tue Nov 2023	31.50	32.15	32.50	31.50	1.155 times
20 Mon Nov 2023	32.15	33.40	33.40	32.10	0.945 times
17 Fri Nov 2023	32.75	32.75	32.75	32.15	2.375 times
16 Thu Nov 2023	32.15	31.70	32.30	31.70	0.771 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 27.7, for a target of 29.3 or 30.53

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	28.00
Upside Target	29.00
Upside Target	29.60
Upside Target	31.15
Upside Target	32.15
Upside Target	38.35
Upside Target	40.00
Upside Target	42.65
Upside Target	42.75
Upside Target	45.95
Upside Target	53.00
Upside Target	70.80

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	27.25
Downside Intraday Target	26.5
Upside Intraday Target	29.5
Upside Intraday Target	31
Upside Intraday Target	28.75

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu Nov 2023	28.00	30.25	30.25	28.00	0.839 times
24 Fri Nov 2023	29.70	33.40	33.40	29.70	0.53 times
17 Fri Nov 2023	32.75	31.75	32.75	31.30	1.56 times
10 Fri Nov 2023	31.15	29.60	31.15	29.60	2.065 times
03 Fri Nov 2023	29.50	32.15	32.15	29.00	1.877 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
30 Thu Nov 2023	28.00	30.50	33.40	28.00	2.295 times
31 Tue Oct 2023	30.45	40.00	40.00	30.35	0.723 times
29 Fri Sep 2023	39.65	41.90	42.65	38.35	0.513 times
31 Thu Aug 2023	42.75	45.05	53.00	42.75	7.943 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 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 30.58 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 negative.

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