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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 2024-12-17 View latest technical analysis

10 day averaged volume of Mcon Rasayan is 58500

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	181.75	173.85	181.75	173.10	0.769 times
16 Mon Dec 2024	173.10	165.00	173.10	165.00	2.855 times
13 Fri Dec 2024	164.90	162.00	165.00	158.00	1.026 times
12 Thu Dec 2024	159.05	159.00	165.00	159.00	0.991 times
11 Wed Dec 2024	158.90	160.00	160.00	155.00	0.803 times
10 Tue Dec 2024	159.90	153.95	160.00	153.95	1.436 times
09 Mon Dec 2024	153.95	154.00	159.75	150.50	0.803 times
06 Fri Dec 2024	156.20	156.00	156.95	155.10	0.085 times
05 Thu Dec 2024	159.35	158.00	159.90	155.50	0.94 times
04 Wed Dec 2024	158.00	157.75	158.00	157.65	0.308 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 178.4, for a target of 168.1 or 159.61

Share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Target	135.00
Downside Target	145.20
Downside Target	150.00
Downside Target	158.35
Downside Target	164.40
Downside Target	181.75
Upside Target	184.60
Upside Target	191.05
Upside Target	201.10
Upside Target	210.00
Upside Target	244.35

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type	Value
Downside Intraday Target	170.58
Downside Intraday Target	159.42
Upside Intraday Target	187.33
Upside Intraday Target	192.92
Downside Intraday Target	176.17

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Dec 2024	181.75	165.00	181.75	165.00	0.716 times
13 Fri Dec 2024	164.90	154.00	165.00	150.50	1.762 times
06 Fri Dec 2024	156.20	153.00	159.90	150.00	0.241 times
29 Fri Nov 2024	150.35	155.00	165.95	145.20	11.048 times
22 Fri Nov 2024	158.35	184.60	184.60	158.35	1.05 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
17 Tue Dec 2024	181.75	153.00	181.75	150.00	0.704 times
29 Fri Nov 2024	150.35	172.50	210.00	145.20	5.581 times
31 Thu Oct 2024	164.35	150.00	164.40	135.90	0.518 times
15 Mon Jul 2024	191.05	211.15	244.35	191.05	0.938 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Mcon Rasayan stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

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

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 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 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 165.07 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 positive

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