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(RAJMET) Rajnandini Metal complete technical analysis [charts+indicators] | Buy/Sell Rajnandini Metal | (RAJMET) share price targets

Complete technical analysis of Rajnandini Metal (RAJMET) by charts plus indicators, forecast predictions and share price targets for Rajnandini Metal (RAJMET)

Showing technical analysis as on 2024-01-01 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 6989923

Date	Daily Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	12.60	10.75	12.65	10.55	6.212 times
29 Fri Dec 2023	10.55	11.40	11.40	10.45	3.889 times
28 Thu Dec 2023	11.20	11.05	11.25	10.90	1.137 times
27 Wed Dec 2023	10.80	11.15	11.30	10.50	2.259 times
26 Tue Dec 2023	10.55	11.45	11.45	10.30	2.536 times
06 Tue Jun 2023	9.35	9.45	9.50	9.25	0.055 times
05 Mon Jun 2023	9.35	9.65	9.65	8.65	0.038 times
02 Fri Jun 2023	9.40	9.60	9.60	9.25	0.024 times
01 Thu Jun 2023	9.40	9.60	9.60	9.35	0.021 times
31 Wed May 2023	9.45	9.60	9.65	9.40	0.022 times

Stock of Rajnandini Metal (RAJMET) has showed a significant upmove. This could be a good time to enter in this stock!

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 11.8, for a target of 10.7 or 9.8

Share price targets for Rajnandini Metal (RAJMET)

Target Type	Value
Downside Target	8.10
Downside Target	8.65
Downside Target	9.20
Downside Target	9.65
Downside Target	10.30
Downside Target	10.55
Downside Target	11.00
Downside Target	11.45
Downside Target	12.55
Upside Target	12.65
Upside Target	14.25

Intraday share price targets for Rajnandini Metal (RAJMET)

Target Type	Value
Downside Intraday Target	11.22
Downside Intraday Target	9.83
Upside Intraday Target	13.32
Upside Intraday Target	14.03
Downside Intraday Target	11.93

Weekly technical analysis of Rajnandini Metal (RAJMET)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	12.60	10.75	12.65	10.55	0.632 times
29 Fri Dec 2023	10.55	11.45	11.45	10.30	104.596 times
06 Tue Jun 2023	9.35	9.65	9.65	8.65	0.761 times
02 Fri Jun 2023	9.40	9.35	9.65	9.20	0.278 times
26 Fri May 2023	9.20	9.80	9.80	8.75	0.747 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 Rajnandini Metal (RAJMET)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Mon Jan 2024	12.60	10.75	12.65	10.55	0.632 times
29 Fri Dec 2023	10.55	11.45	11.45	10.30	70.687 times
06 Tue Jun 2023	9.35	9.60	9.65	8.65	0.059 times
31 Wed May 2023	9.45	12.55	12.55	8.10	1.406 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 Rajnandini Metal (RAJMET)

Price action analysis of Rajnandini Metal ( (RAJMET) ) 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 Rajnandini Metal ( (RAJMET) ) 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 Rajnandini Metal ( (RAJMET) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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

MACD generated a BUY signal for Rajnandini Metal 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.

Rajnandini Metal 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 Rajnandini Metal in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying might be slowing down

Stock of Rajnandini Metal is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 11.41 and Rajnandini Metal (RAJMET) 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 Rajnandini Metal (RAJMET) stock. Volume based technical analysis of Rajnandini Metal (RAJMET) stock is negative.

Rajnandini Metal 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.