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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 2024-04-10 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 7200

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	115.00	130.00	130.00	115.00	1.667 times
09 Tue Apr 2024	122.15	121.20	124.50	120.95	1.806 times
08 Mon Apr 2024	121.00	121.05	121.05	120.00	0.833 times
05 Fri Apr 2024	123.50	125.30	125.30	123.00	0.417 times
04 Thu Apr 2024	121.95	126.00	126.50	121.00	0.972 times
03 Wed Apr 2024	121.50	122.25	122.25	121.50	0.833 times
01 Mon Apr 2024	121.60	121.55	121.60	121.50	0.556 times
28 Thu Mar 2024	115.90	115.00	118.00	114.00	1.25 times
27 Wed Mar 2024	120.00	120.00	120.00	120.00	0.417 times
26 Tue Mar 2024	120.00	120.50	120.50	120.00	0.278 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 117, but if it comes above 117, then a intra day buy could be more profitable.
If you take a sell trade below 117, then use 117 as stoploss and 111.8 as target. However if you take a buy trade in stock , then use 117 as stoploss and 121.27 as target.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	106.40
Downside Target	114.00
Upside Target	118.50
Upside Target	125.85
Upside Target	130.00
Upside Target	137.10
Upside Target	137.75
Upside Target	138.00
Upside Target	146.00
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	110
Downside Intraday Target	105
Upside Intraday Target	125
Upside Intraday Target	135
Upside Intraday Target	120

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	115.00	121.05	130.00	115.00	1.55 times
05 Fri Apr 2024	123.50	121.55	126.50	121.00	1.429 times
28 Thu Mar 2024	115.90	120.50	120.50	114.00	0.326 times
22 Fri Mar 2024	125.85	118.50	125.85	118.50	0.741 times
15 Fri Mar 2024	123.45	138.00	138.00	106.40	2.32 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mcon Rasayan (MCON_SM)

Date	Monthly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	115.00	121.55	130.00	115.00	0.364 times
28 Thu Mar 2024	115.90	145.00	146.00	106.40	0.67 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

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 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 Mcon Rasayan ( (MCON_SM) ) 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 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. Bears are getting stronger in this stock.

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 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 119.64 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.