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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 2024-09-10 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 1110113

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	12.03	12.02	12.27	11.94	1.141 times
09 Mon Sep 2024	12.02	12.20	12.24	11.89	1.111 times
06 Fri Sep 2024	12.02	11.97	12.48	11.79	1.928 times
05 Thu Sep 2024	11.94	12.04	12.22	11.89	1.299 times
04 Wed Sep 2024	12.04	12.16	12.27	12.00	0.824 times
03 Tue Sep 2024	12.16	12.19	12.30	12.08	0.816 times
02 Mon Sep 2024	12.15	12.47	12.47	12.06	0.922 times
30 Fri Aug 2024	12.30	12.48	12.48	12.22	0.755 times
29 Thu Aug 2024	12.32	12.49	12.49	12.26	0.64 times
28 Wed Aug 2024	12.38	12.55	12.55	12.36	0.752 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 as stoploss in an intra day buy trade for a target of 12.23. However, stock will show a bearish move below 12.

Share price targets for Rajnandini Metal (RAJMET)

Target Type	Value
Downside Target	10.30
Downside Target	11.45
Upside Target	12.22
Upside Target	12.48
Upside Target	12.68
Upside Target	12.80
Upside Target	12.88
Upside Target	14.00
Upside Target	14.90
Upside Target	21.35

Intraday share price targets for Rajnandini Metal (RAJMET)

Target Type	Value
Downside Intraday Target	11.86
Downside Intraday Target	11.68
Upside Intraday Target	12.24
Upside Intraday Target	12.44
Upside Intraday Target	12.06

Weekly technical analysis of Rajnandini Metal (RAJMET)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Sep 2024	12.03	12.20	12.27	11.89	0.389 times
06 Fri Sep 2024	12.02	12.47	12.48	11.79	1.358 times
30 Fri Aug 2024	12.30	12.47	12.68	12.22	0.677 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

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
10 Tue Sep 2024	12.03	12.47	12.48	11.79	0.285 times
30 Fri Aug 2024	12.30	13.87	14.00	11.66	0.371 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

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 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 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 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 Rajnandini Metal in short term but BUY signal is weak.

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 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 12.1 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.