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(RAJMET_BE) Rajnandini Metal complete technical analysis [charts+indicators] | Buy/Sell Rajnandini Metal | (RAJMET_BE) share price targets

Complete technical analysis of Rajnandini Metal (RAJMET_BE) by charts plus indicators, forecast predictions and share price targets for Rajnandini Metal (RAJMET_BE)

Showing technical analysis as on 2024-01-09 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 3303047

Date	Daily Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	17.90	18.90	19.00	17.90	0.866 times
22 Fri Dec 2023	9.65	9.60	9.75	9.50	0.535 times
21 Thu Dec 2023	9.45	9.10	9.60	8.80	0.631 times
20 Wed Dec 2023	9.15	9.65	9.90	9.10	1.089 times
19 Tue Dec 2023	9.55	9.70	9.80	9.50	2.436 times
18 Mon Dec 2023	9.35	9.05	9.35	9.00	1.186 times
15 Fri Dec 2023	8.95	9.00	9.00	8.90	0.455 times
14 Thu Dec 2023	8.95	8.95	9.00	8.90	0.585 times
13 Wed Dec 2023	9.00	9.00	9.05	8.90	1.792 times
12 Tue Dec 2023	9.00	9.00	9.05	8.90	0.498 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 13.8, for a target of 11.5 or 9.56

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	8.80
Downside Target	9.50
Downside Target	9.70
Downside Target	9.90
Downside Target	10.10
Downside Target	10.30
Downside Target	10.80
Downside Target	17.90
Upside Target	19.00

Intraday share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Intraday Target	17.53
Downside Intraday Target	17.17
Upside Intraday Target	18.63
Upside Intraday Target	19.37
Upside Intraday Target	18.27

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	17.90	18.90	19.00	17.90	0.147 times
22 Fri Dec 2023	9.65	9.05	9.90	8.80	1.426 times
15 Fri Dec 2023	8.95	9.00	9.05	8.90	1.405 times
08 Fri Dec 2023	8.90	9.50	9.50	8.85	1.418 times
01 Fri Dec 2023	9.05	9.15	9.20	9.00	0.559 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Tue Jan 2024	17.90	18.90	19.00	17.90	0.064 times
22 Fri Dec 2023	9.65	9.05	9.90	8.80	1.165 times
30 Thu Nov 2023	9.05	9.60	10.30	8.95	2.909 times
31 Tue Oct 2023	9.25	10.10	10.10	8.85	0.683 times

Scroll below to view daily charts

Price has moved up 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_BE)

Price action analysis of Rajnandini Metal ( (RAJMET_BE) ) 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_BE) ) 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_BE) ) based on a short to mid term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Rajnandini Metal ( (RAJMET_BE) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Rajnandini Metal stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Rajnandini Metal in short term and the buy 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

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 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 10.01 and Rajnandini Metal (RAJMET_BE) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

People seem to be coming out and selling the Rajnandini Metal (RAJMET_BE) stock. Volume based technical analysis of Rajnandini Metal (RAJMET_BE) stock is negative.

Rajnandini Metal Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.