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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 2024-08-28 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 1357448

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	12.38	12.55	12.55	12.36	0.615 times
27 Tue Aug 2024	12.44	12.39	12.68	12.32	0.779 times
26 Mon Aug 2024	12.37	12.47	12.68	12.28	0.953 times
23 Fri Aug 2024	12.37	12.70	12.70	12.15	0.922 times
22 Thu Aug 2024	12.55	12.65	12.80	12.46	0.878 times
21 Wed Aug 2024	12.46	12.10	12.61	12.10	0.991 times
20 Tue Aug 2024	12.22	12.60	12.79	12.15	1.017 times
19 Mon Aug 2024	12.39	12.00	12.63	11.93	1.346 times
16 Fri Aug 2024	11.79	12.01	12.09	11.66	1.518 times
14 Wed Aug 2024	12.25	12.65	12.65	12.17	0.693 times

My analysis of stock is bearish for shortterm, and stock might move down till 12.1 or till 11.6. Use a stoploss of 12.62 and if the stock hits stoploss, then it can shoot up till 13.1

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	12.05
Upside Intraday Target	12.61
Upside Intraday Target	12.85
Upside Intraday Target	12.45

Weekly technical analysis of Rajnandini Metal (RAJMET)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Aug 2024	12.38	12.47	12.68	12.28	0.455 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 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
28 Wed Aug 2024	12.38	13.87	14.00	11.66	0.352 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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.

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

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. Bulls are getting stronger in this stock.

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 but SELL signal is weak.

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 12.29 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.