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(MCON_SM) Mcon Rasayan complete technical analysis [charts+indicators] | Buy/Sell Mcon Rasayan | (MCON_SM) share price targets

Complete technical analysis of Mcon Rasayan (MCON_SM) by charts plus indicators, forecast predictions and share price targets for Mcon Rasayan (MCON_SM)

Showing technical analysis as on 2024-03-06 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 13200

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	133.10	135.00	135.00	130.00	0.53 times
05 Tue Mar 2024	143.00	146.00	146.00	133.20	0.985 times
04 Mon Mar 2024	140.00	145.00	145.00	140.00	0.379 times
29 Thu Feb 2024	155.00	154.00	155.00	154.00	0.152 times
28 Wed Feb 2024	150.00	150.00	150.00	145.00	0.758 times
27 Tue Feb 2024	153.00	151.00	153.00	150.50	1.288 times
26 Mon Feb 2024	144.80	137.50	144.80	137.00	2.5 times
23 Fri Feb 2024	131.65	137.00	137.00	121.55	2.273 times
22 Thu Feb 2024	135.00	134.90	135.00	134.90	0.152 times
21 Wed Feb 2024	131.10	134.00	138.30	131.10	0.682 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 133.3, but if it comes above 133.3, then a intra day buy could be more profitable.
If you take a sell trade below 133.3, then use 133.3 as stoploss and 125.2 as target. However if you take a buy trade in stock , then use 133.3 as stoploss and 140.11 as target.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	121.55
Downside Target	129.00
Upside Target	136.90
Upside Target	143.45
Upside Target	146.00
Upside Target	149.00
Upside Target	151.50
Upside Target	153.15
Upside Target	155.00
Upside Target	167.00
Upside Target	179.35

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	126.73
Downside Intraday Target	120.37
Upside Intraday Target	142.73
Upside Intraday Target	152.37
Upside Intraday Target	136.37

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	133.10	145.00	146.00	130.00	0.403 times
29 Thu Feb 2024	155.00	137.50	155.00	137.00	1.051 times
23 Fri Feb 2024	131.65	137.00	143.45	121.55	1.372 times
16 Fri Feb 2024	140.00	148.00	149.00	129.00	1.536 times
09 Fri Feb 2024	143.00	145.05	151.50	139.80	0.718 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 Mcon Rasayan (MCON_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
06 Wed Mar 2024	133.10	145.00	146.00	130.00	0.12 times
29 Thu Feb 2024	155.00	145.10	155.00	121.55	1.462 times
31 Wed Jan 2024	150.10	166.05	167.00	137.75	0.761 times
29 Fri Dec 2023	172.50	137.10	179.35	137.10	1.253 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 Mcon Rasayan (MCON_SM)

Price action analysis of Mcon Rasayan ( (MCON_SM) ) 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 Mcon Rasayan ( (MCON_SM) ) 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 Mcon Rasayan ( (MCON_SM) ) based on a short to mid term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Mcon Rasayan ( (MCON_SM) ) 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 Mcon Rasayan stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Mcon Rasayan in short term but the buy signal is initial and weak.

Mcon Rasayan 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 tired and bears 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 Mcon Rasayan 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

Stock of Mcon Rasayan is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 141.25 and Mcon Rasayan (MCON_SM) 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 Mcon Rasayan (MCON_SM) stock. Volume based technical analysis of Mcon Rasayan (MCON_SM) stock is negative.

Mcon Rasayan 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.