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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 2024-04-16 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 7300

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	129.15	128.65	129.95	128.65	0.548 times
15 Mon Apr 2024	129.00	124.50	131.00	124.00	1.096 times
12 Fri Apr 2024	121.70	126.00	126.00	121.00	0.685 times
10 Wed Apr 2024	115.00	130.00	130.00	115.00	1.644 times
09 Tue Apr 2024	122.15	121.20	124.50	120.95	1.781 times
08 Mon Apr 2024	121.00	121.05	121.05	120.00	0.822 times
05 Fri Apr 2024	123.50	125.30	125.30	123.00	0.411 times
04 Thu Apr 2024	121.95	126.00	126.50	121.00	0.959 times
03 Wed Apr 2024	121.50	122.25	122.25	121.50	0.822 times
01 Mon Apr 2024	121.60	121.55	121.60	121.50	0.548 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 129.6, for a target of 125.3 or 121.79

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	106.40
Downside Target	114.00
Downside Target	118.50
Downside Target	124.00
Upside Target	130.00
Upside Target	131.00
Upside Target	137.10
Upside Target	137.75
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	125.1
Downside Intraday Target	121.05
Upside Intraday Target	132.1
Upside Intraday Target	135.05
Downside Intraday Target	128.05

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	129.15	124.50	131.00	124.00	0.333 times
12 Fri Apr 2024	121.70	121.05	130.00	115.00	1.8 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

Price has moved up 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
16 Tue Apr 2024	129.15	121.55	131.00	115.00	0.486 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 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 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 Weak and stock is gaining momentum.

MACD generated a BUY signal for Mcon Rasayan 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.

Mcon Rasayan Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 Mcon Rasayan in short term and BUY 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

Although the stock is in the SELL zone, but selling might be slowing down

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 121.92 and Mcon Rasayan (MCON_SM) 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 Mcon Rasayan (MCON_SM) stock. Volume based technical analysis of Mcon Rasayan (MCON_SM) stock is negative.

Mcon Rasayan 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.