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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 2024-09-18 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 2088701

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	11.25	11.34	11.75	11.14	2.528 times
17 Tue Sep 2024	11.27	11.45	11.49	11.22	1.203 times
16 Mon Sep 2024	11.33	11.45	11.63	11.27	1.713 times
13 Fri Sep 2024	11.31	11.50	11.69	11.28	1.796 times
12 Thu Sep 2024	11.46	12.00	12.19	11.40	1.35 times
11 Wed Sep 2024	11.80	12.03	12.15	11.70	0.588 times
10 Tue Sep 2024	12.03	12.02	12.27	11.94	0.607 times
09 Mon Sep 2024	12.02	12.20	12.24	11.89	0.59 times
06 Fri Sep 2024	12.02	11.97	12.48	11.79	1.025 times
05 Thu Sep 2024	11.94	12.04	12.22	11.89	0.691 times

Stock of Rajnandini Metal (RAJMET) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 11.6, but if it comes above 11.6, then a intra day buy could be more profitable.
If you take a sell trade below 11.6, then use 11.6 as stoploss and 11.1 as target. However if you take a buy trade in stock , then use 11.6 as stoploss and 11.98 as target.

Share price targets for Rajnandini Metal (RAJMET)

Target Type	Value
Downside Target	10.30
Downside Target	11.14
Upside Target	12.22
Upside Target	12.27
Upside Target	12.48
Upside Target	12.68
Upside Target	12.80
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	11.01
Downside Intraday Target	10.77
Upside Intraday Target	11.62
Upside Intraday Target	11.99
Upside Intraday Target	11.38

Weekly technical analysis of Rajnandini Metal (RAJMET)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	11.25	11.45	11.75	11.14	1.104 times
13 Fri Sep 2024	11.31	12.20	12.27	11.28	1.602 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

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
18 Wed Sep 2024	11.25	12.47	12.48	11.14	0.898 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 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 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 coming down

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 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 11.5 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.