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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 2024-08-23 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 1472828

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	12.37	12.70	12.70	12.15	0.849 times
22 Thu Aug 2024	12.55	12.65	12.80	12.46	0.809 times
21 Wed Aug 2024	12.46	12.10	12.61	12.10	0.913 times
20 Tue Aug 2024	12.22	12.60	12.79	12.15	0.937 times
19 Mon Aug 2024	12.39	12.00	12.63	11.93	1.24 times
16 Fri Aug 2024	11.79	12.01	12.09	11.66	1.399 times
14 Wed Aug 2024	12.25	12.65	12.65	12.17	0.639 times
13 Tue Aug 2024	12.44	12.40	12.72	12.35	0.834 times
12 Mon Aug 2024	12.66	12.88	12.88	12.51	0.938 times
09 Fri Aug 2024	12.88	13.10	13.90	12.50	1.226 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 12.2 as stoploss in an intra day buy trade for a target of 12.81. However, stock will show a bearish move below 12.2.

Share price targets for Rajnandini Metal (RAJMET)

Target Type	Value
Downside Target	8.65
Downside Target	9.65
Downside Target	10.30
Downside Target	11.45
Downside Target	11.93
Upside Target	12.80
Upside Target	13.21
Upside Target	13.90
Upside Target	14.00
Upside Target	14.10
Upside Target	14.40
Upside Target	14.90
Upside Target	21.35

Intraday share price targets for Rajnandini Metal (RAJMET)

Target Type	Value
Downside Intraday Target	11.93
Downside Intraday Target	11.5
Upside Intraday Target	12.8
Upside Intraday Target	13.24
Downside Intraday Target	12.37

Weekly technical analysis of Rajnandini Metal (RAJMET)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Aug 2024	12.37	12.00	12.80	11.93	1.246 times
16 Fri Aug 2024	11.79	12.88	12.88	11.66	0.517 times
09 Fri Aug 2024	12.88	13.00	13.90	12.00	1.206 times
02 Fri Aug 2024	13.41	13.74	14.10	13.21	0.659 times
26 Fri Jul 2024	13.62	14.40	14.40	13.01	0.483 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
23 Fri Aug 2024	12.37	13.87	14.00	11.66	0.314 times
31 Wed Jul 2024	13.77	10.56	14.90	10.50	0.508 times
08 Mon Jan 2024	18.80	10.75	21.35	10.55	2.421 times
29 Fri Dec 2023	10.55	11.45	11.45	10.30	70.687 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 Rajnandini Metal (RAJMET)

Price action analysis of Rajnandini Metal ( (RAJMET) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Rajnandini Metal ( (RAJMET) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Rajnandini Metal ( (RAJMET) ) 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 Rajnandini Metal ( (RAJMET) ) 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 Rajnandini Metal stock for short term is SELL. Signal strength is Weak and stock is gaining momentum.

MACD generated a SELL signal for Rajnandini Metal in short term and the sell signal is strong.

Rajnandini Metal 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 weakening, and bulls are picking up momentum!

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 Rajnandini Metal in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 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 12.39 and Rajnandini Metal (RAJMET) 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 Rajnandini Metal (RAJMET) stock. Volume based technical analysis of Rajnandini Metal (RAJMET) stock is negative.

Rajnandini Metal 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.