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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 2024-03-21 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 9000

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	120.85	122.75	122.90	120.25	1.889 times
20 Wed Mar 2024	118.70	118.75	118.75	118.70	0.222 times
19 Tue Mar 2024	123.50	123.50	123.50	123.50	0.111 times
18 Mon Mar 2024	123.45	118.50	123.45	118.50	0.444 times
15 Fri Mar 2024	123.45	123.40	123.45	123.40	0.333 times
14 Thu Mar 2024	117.60	106.40	117.60	106.40	1.778 times
13 Wed Mar 2024	112.00	122.25	122.25	111.80	2.444 times
12 Tue Mar 2024	124.20	138.00	138.00	120.20	1.889 times
06 Wed Mar 2024	133.10	135.00	135.00	130.00	0.778 times
05 Tue Mar 2024	143.00	146.00	146.00	133.20	1.444 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 120.4 as stoploss in an intra day buy trade for a target of 132.28. However, stock will show a bearish move below 120.4.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	106.40
Downside Target	118.50
Upside Target	121.55
Upside Target	130.00
Upside Target	136.90
Upside Target	143.45
Upside Target	146.00
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	118.4
Downside Intraday Target	115.95
Upside Intraday Target	123.4
Upside Intraday Target	125.95
Upside Intraday Target	120.95

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Mar 2024	120.85	118.50	123.50	118.50	0.414 times
15 Fri Mar 2024	123.45	138.00	138.00	106.40	2.32 times
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

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
21 Thu Mar 2024	120.85	145.00	146.00	106.40	0.512 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Mcon Rasayan ( (MCON_SM) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, 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 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 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 losing momentum.

MACD generated a SELL signal for Mcon Rasayan in short term and the sell signal is strong.

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. 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 moving up

CCI has generated a buy signal for Mcon Rasayan in short term but BUY signal is weak.

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 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 122.82 and Mcon Rasayan (MCON_SM) 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 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.