Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-01-24 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 3016336

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	15.50	14.70	15.75	14.30	0.798 times
23 Tue Jan 2024	15.05	15.85	16.35	15.05	0.769 times
22 Mon Jan 2024	15.85	16.55	16.75	15.50	0.869 times
19 Fri Jan 2024	16.30	17.15	17.15	16.10	0.907 times
18 Thu Jan 2024	16.65	16.30	17.05	15.65	1.056 times
17 Wed Jan 2024	16.35	16.75	16.75	16.05	1.44 times
16 Tue Jan 2024	16.90	16.30	16.90	16.05	1.449 times
15 Mon Jan 2024	16.10	14.70	16.10	14.70	2.126 times
12 Fri Jan 2024	15.35	15.35	15.35	15.35	0.597 times
11 Thu Jan 2024	16.15	16.15	16.15	16.15	0.401 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 16.9 as stoploss in an intra day sell trade for a target of 13.46. However, stock will show a bullish move above 16.9.

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	8.80
Downside Target	9.70
Downside Target	9.90
Downside Target	10.10
Downside Target	10.80
Downside Target	14.30
Downside Target	14.70
Downside Target	15.35
Upside Target	16.75
Upside Target	17.15
Upside Target	19.00

Intraday share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Intraday Target	14.28
Downside Intraday Target	13.07
Upside Intraday Target	16.73
Upside Intraday Target	17.97
Upside Intraday Target	15.52

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	15.50	16.55	16.75	14.30	0.349 times
19 Fri Jan 2024	16.30	14.70	17.15	14.70	2.991 times
12 Fri Jan 2024	15.35	18.90	19.00	15.35	0.362 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

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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Jan 2024	15.50	18.90	19.00	14.30	0.799 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 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_BE) ) based on a short 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_BE) ) based on a short to mid 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 mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

MACD generated a SELL signal for Rajnandini Metal in short term but the sell signal is initial and weak.

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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Rajnandini Metal in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 16.13 and Rajnandini Metal (RAJMET_BE) 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_BE) stock. Volume based technical analysis of Rajnandini Metal (RAJMET_BE) stock is negative.

Rajnandini Metal Stock has given negative 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.