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(RANASUG) Rana Sugars complete technical analysis [charts+indicators] | Buy/Sell Rana Sugars | (RANASUG) share price targets

Complete technical analysis of Rana Sugars (RANASUG) by charts plus indicators, forecast predictions and share price targets for Rana Sugars (RANASUG)

Rana Sugars trades in NSE in Sugar sector.

Showing technical analysis as on 2024-04-09 View latest technical analysis

10 day averaged volume of Rana Sugars is 1343572

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	22.80	22.30	23.35	21.85	0.826 times
08 Mon Apr 2024	22.20	22.95	23.05	22.10	0.314 times
05 Fri Apr 2024	22.80	22.85	22.90	22.45	0.411 times
04 Thu Apr 2024	22.75	22.90	23.20	22.25	1.045 times
03 Wed Apr 2024	22.70	22.35	23.05	22.25	1.161 times
02 Tue Apr 2024	22.25	21.10	22.50	20.90	1.342 times
01 Mon Apr 2024	21.10	19.70	21.55	19.70	1.131 times
28 Thu Mar 2024	19.40	19.75	20.40	19.30	1.617 times
27 Wed Mar 2024	19.70	20.65	20.85	18.70	1.509 times
26 Tue Mar 2024	20.55	21.00	21.15	20.40	0.813 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 22.4, but if it comes below 22.4, then a intra day sell could be more profitable.
If you take a sell trade below 22.4, then use 22.4 as stoploss and 21.42 as target. However if you take a buy trade in stock , then use 22.4 as stoploss and 23.7 as target.

Share price targets for Rana Sugars (RANASUG)

Target Type	Value
Downside Target	18.70
Downside Target	19.70
Downside Target	20.75
Downside Target	21.70
Upside Target	23.00
Upside Target	23.35
Upside Target	23.40
Upside Target	24.30
Upside Target	24.45
Upside Target	25.75
Upside Target	27.60

Intraday share price targets for Rana Sugars (RANASUG)

Target Type	Value
Downside Intraday Target	21.98
Downside Intraday Target	21.17
Upside Intraday Target	23.48
Upside Intraday Target	24.17
Downside Intraday Target	22.67

Weekly technical analysis of Rana Sugars (RANASUG)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	22.80	22.95	23.35	21.85	0.224 times
05 Fri Apr 2024	22.80	19.70	23.20	19.70	1.292 times
28 Thu Mar 2024	19.40	21.00	21.15	18.70	1.373 times
22 Fri Mar 2024	21.05	21.30	21.70	20.75	0.745 times
15 Fri Mar 2024	21.25	23.40	23.40	19.80	1.47 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 Rana Sugars (RANASUG)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Apr 2024	22.80	19.70	23.35	19.70	0.445 times
28 Thu Mar 2024	19.40	23.75	24.30	18.70	0.281 times
29 Thu Feb 2024	23.55	24.05	27.60	23.15	2.515 times
31 Wed Jan 2024	23.85	23.70	24.45	21.95	0.873 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 Rana Sugars (RANASUG)

Price action analysis of Rana Sugars ( (RANASUG) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Rana Sugars ( (RANASUG) ) 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 Rana Sugars ( (RANASUG) ) based on a short to mid 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 Rana Sugars ( (RANASUG) ) 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 Rana Sugars stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Rana Sugars 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.

Rana Sugars Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Rana Sugars in short term and BUY signal is strong.

RSI is generating a SELL signal in short term but selling is losing 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 Rana Sugars is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.32 and Rana Sugars (RANASUG) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Rana Sugars (RANASUG) stock. Volume based technical analysis of Rana Sugars (RANASUG) stock is negative.

Rana Sugars 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.