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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 2024-10-24 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 1283702

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	9.65	9.45	9.83	9.30	0.582 times
23 Wed Oct 2024	9.37	9.28	9.54	9.26	0.697 times
22 Tue Oct 2024	9.50	10.00	10.00	9.40	0.778 times
21 Mon Oct 2024	9.85	10.08	10.09	9.80	0.545 times
18 Fri Oct 2024	10.00	10.07	10.07	9.85	0.549 times
17 Thu Oct 2024	10.00	9.80	10.12	9.80	1.217 times
16 Wed Oct 2024	9.80	10.29	10.29	9.05	2.577 times
15 Tue Oct 2024	10.24	10.50	10.62	10.16	1.115 times
14 Mon Oct 2024	10.46	10.40	10.54	10.14	0.981 times
11 Fri Oct 2024	10.40	10.23	10.47	10.23	0.531 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 9.7, but if it comes above 9.7, then a intra day buy could be more profitable.
If you take a sell trade below 9.7, then use 9.7 as stoploss and 9.3 as target. However if you take a buy trade in stock , then use 9.7 as stoploss and 10.08 as target.

Share price targets for Rajnandini Metal (RAJMET)

Target Type	Value
Downside Target	9.05
Downside Target	9.26
Downside Target	9.60
Upside Target	9.90
Upside Target	10.30
Upside Target	10.74
Upside Target	11.15
Upside Target	11.66
Upside Target	12.48
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	9.24
Downside Intraday Target	8.84
Upside Intraday Target	10.07
Upside Intraday Target	10.5
Upside Intraday Target	9.67

Weekly technical analysis of Rajnandini Metal (RAJMET)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	9.65	10.08	10.09	9.26	0.404 times
18 Fri Oct 2024	10.00	10.40	10.62	9.05	1.048 times
11 Fri Oct 2024	10.40	10.24	10.74	9.60	0.385 times
04 Fri Oct 2024	10.18	10.64	10.70	9.90	1.538 times
27 Fri Sep 2024	10.57	10.91	11.15	10.30	0.864 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
24 Thu Oct 2024	9.65	10.00	10.74	9.05	0.574 times
30 Mon Sep 2024	10.00	12.47	12.48	9.96	1.735 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

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 Strong and stock is losing 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

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 and the buying is gaining 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 9.93 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.