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(NIRAJ_BE) Niraj Cement complete technical analysis [charts+indicators] | Buy/Sell Niraj Cement | (NIRAJ_BE) share price targets

Complete technical analysis of Niraj Cement (NIRAJ_BE) by charts plus indicators, forecast predictions and share price targets for Niraj Cement (NIRAJ_BE)

Showing technical analysis as on 2024-03-22 View latest technical analysis

10 day averaged volume of Niraj Cement is 36822

Date	Daily Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	39.30	38.50	40.00	38.50	0.829 times
21 Thu Mar 2024	38.45	38.50	38.95	37.10	0.502 times
20 Wed Mar 2024	37.75	38.00	38.75	37.15	0.463 times
19 Tue Mar 2024	38.00	38.00	39.20	36.20	0.784 times
18 Mon Mar 2024	37.70	37.60	40.15	37.50	0.723 times
15 Fri Mar 2024	39.25	40.35	41.50	37.85	0.949 times
14 Thu Mar 2024	39.85	37.50	40.00	36.25	0.878 times
13 Wed Mar 2024	38.15	39.50	40.70	37.50	2.687 times
12 Tue Mar 2024	39.45	40.00	42.50	39.45	1.186 times
11 Mon Mar 2024	41.50	43.45	44.85	41.25	0.919 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 38.7 as stoploss in an intra day buy trade for a target of 42.57. However, stock will show a bearish move below 38.7.

Share price targets for Niraj Cement (NIRAJ_BE)

Target Type	Value
Downside Target	33.25
Downside Target	34.05
Downside Target	35.55
Upside Target	40.05
Upside Target	42.05
Upside Target	43.70
Upside Target	44.85
Upside Target	48.00
Upside Target	48.50
Upside Target	48.70
Upside Target	51.45
Upside Target	54.70
Upside Target	59.00

Intraday share price targets for Niraj Cement (NIRAJ_BE)

Target Type	Value
Downside Intraday Target	36.95
Downside Intraday Target	34.6
Upside Intraday Target	40.9
Upside Intraday Target	42.5
Downside Intraday Target	38.55

Weekly technical analysis of Niraj Cement (NIRAJ_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	39.30	37.60	40.15	36.20	0.499 times
15 Fri Mar 2024	39.25	43.45	44.85	36.25	3.083 times
07 Thu Mar 2024	43.40	48.00	48.00	42.05	0.405 times
02 Sat Mar 2024	47.20	49.25	51.45	43.70	0.857 times
23 Fri Feb 2024	49.25	52.60	54.70	48.50	0.937 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 Niraj Cement (NIRAJ_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
22 Fri Mar 2024	39.30	47.75	48.70	36.20	0.642 times
29 Thu Feb 2024	46.80	57.95	59.00	43.70	1.361 times
17 Fri Nov 2023	42.20	38.10	42.20	35.55	0.571 times
31 Tue Oct 2023	36.85	37.20	40.05	34.05	0.859 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 Niraj Cement (NIRAJ_BE)

Price action analysis of Niraj Cement ( (NIRAJ_BE) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Niraj Cement ( (NIRAJ_BE) ) 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 Niraj Cement ( (NIRAJ_BE) ) 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 Niraj Cement ( (NIRAJ_BE) ) 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 Niraj Cement stock for short term is SELL. Signal strength is Strong and stock is losing momentum.

MACD generated a SELL signal for Niraj Cement in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Niraj Cement Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 Niraj Cement in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 Niraj Cement is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 38.92 and Niraj Cement (NIRAJ_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Niraj Cement (NIRAJ_BE) stock. Volume based technical analysis of Niraj Cement (NIRAJ_BE) stock is negative.

Niraj Cement 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.