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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 2024-08-26 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 1441189

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	12.37	12.47	12.68	12.28	0.897 times
23 Fri Aug 2024	12.37	12.70	12.70	12.15	0.868 times
22 Thu Aug 2024	12.55	12.65	12.80	12.46	0.827 times
21 Wed Aug 2024	12.46	12.10	12.61	12.10	0.933 times
20 Tue Aug 2024	12.22	12.60	12.79	12.15	0.958 times
19 Mon Aug 2024	12.39	12.00	12.63	11.93	1.267 times
16 Fri Aug 2024	11.79	12.01	12.09	11.66	1.43 times
14 Wed Aug 2024	12.25	12.65	12.65	12.17	0.653 times
13 Tue Aug 2024	12.44	12.40	12.72	12.35	0.853 times
12 Mon Aug 2024	12.66	12.88	12.88	12.51	0.959 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 12.75. 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
Downside Target	12.28
Upside Target	12.68
Upside Target	13.21
Upside Target	13.90
Upside Target	14.00
Upside Target	14.10
Upside Target	14.90
Upside Target	21.35

Intraday share price targets for Rajnandini Metal (RAJMET)

Target Type	Value
Downside Intraday Target	12.21
Downside Intraday Target	12.04
Upside Intraday Target	12.61
Upside Intraday Target	12.84
Upside Intraday Target	12.44

Weekly technical analysis of Rajnandini Metal (RAJMET)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	12.37	12.47	12.68	12.28	0.185 times
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

Price has moved down 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
26 Mon Aug 2024	12.37	13.87	14.00	11.66	0.33 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 losing 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 buy signal for Rajnandini Metal 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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.32 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 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.