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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 2024-05-15 View latest technical analysis

10 day averaged volume of Rana Sugars is 515350

Date	Daily Closing Price	Open	High	Low	Volume
15 Wed May 2024	21.40	21.45	21.60	21.30	0.482 times
14 Tue May 2024	21.40	21.30	21.50	21.15	0.436 times
13 Mon May 2024	21.15	21.30	21.40	20.80	0.801 times
10 Fri May 2024	21.45	21.15	21.85	20.70	1.097 times
09 Thu May 2024	21.00	21.80	21.95	20.75	1.521 times
08 Wed May 2024	21.90	21.75	22.25	21.75	0.95 times
07 Tue May 2024	21.90	22.25	22.25	21.75	0.749 times
06 Mon May 2024	22.15	22.65	22.70	22.05	1.127 times
03 Fri May 2024	22.55	22.85	22.95	22.40	1.04 times
02 Thu May 2024	22.80	22.90	22.90	22.65	0.857 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.6, but if it comes above 21.6, then a intra day buy could be more profitable.
If you take a sell trade below 21.6, then use 21.6 as stoploss and 20.8 as target. However if you take a buy trade in stock , then use 21.6 as stoploss and 22.2 as target.

Share price targets for Rana Sugars (RANASUG)

Target Type	Value
Downside Target	18.20
Downside Target	18.70
Downside Target	20.70
Upside Target	21.60
Upside Target	22.95
Upside Target	23.15
Upside Target	23.45
Upside Target	23.75
Upside Target	24.30
Upside Target	24.45
Upside Target	27.60

Intraday share price targets for Rana Sugars (RANASUG)

Target Type	Value
Downside Intraday Target	20.93
Downside Intraday Target	20.47
Upside Intraday Target	21.73
Upside Intraday Target	22.07
Downside Intraday Target	21.27

Weekly technical analysis of Rana Sugars (RANASUG)

Date	Weekly Closing Price	Open	High	Low	Volume
15 Wed May 2024	21.40	21.30	21.60	20.80	0.316 times
10 Fri May 2024	21.45	22.65	22.70	20.70	0.742 times
03 Fri May 2024	22.55	22.85	23.75	22.40	0.693 times
26 Fri Apr 2024	22.80	22.20	23.45	22.20	1.276 times
19 Fri Apr 2024	22.20	18.20	22.70	18.20	1.203 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
15 Wed May 2024	21.40	22.90	22.95	20.70	0.204 times
30 Tue Apr 2024	22.80	19.70	23.75	18.20	1.218 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

Scroll below to view daily charts

Price has moved down 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Rana Sugars ( (RANASUG) ) 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 Rana Sugars ( (RANASUG) ) 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 Rana Sugars ( (RANASUG) ) 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 Rana Sugars stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Rana Sugars in short term and the sell signal is strong.

Rana Sugars 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 green color and prices are in or below the green cloud Prices appear to be coming down

CCI has generated a buy signal for Rana Sugars in short term but BUY signal is weak.

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 21.77 and Rana Sugars (RANASUG) 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 Rana Sugars (RANASUG) stock. Volume based technical analysis of Rana Sugars (RANASUG) stock is negative.

Rana Sugars Stock has given negative returns over a short term period. Returns for a longer term period have been positive

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