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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 2024-02-28 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 2265036

Date	Daily Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	11.75	12.15	12.60	11.70	1.108 times
27 Tue Feb 2024	12.25	13.00	13.05	12.25	1.295 times
26 Mon Feb 2024	12.90	13.45	13.45	12.90	1.489 times
23 Fri Feb 2024	13.55	14.05	14.25	13.50	1.118 times
22 Thu Feb 2024	13.85	13.80	13.95	13.20	0.393 times
21 Wed Feb 2024	13.65	14.00	14.20	13.60	0.592 times
20 Tue Feb 2024	13.85	14.30	14.40	13.75	1.253 times
19 Mon Feb 2024	14.05	15.25	15.25	13.95	1.438 times
16 Fri Feb 2024	14.55	14.20	14.55	14.00	0.574 times
15 Thu Feb 2024	13.90	14.20	14.30	13.80	0.576 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 11.9, for a target of 13.1 or 14.13

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	8.80
Downside Target	9.90
Downside Target	10.10
Downside Target	11.70
Upside Target	12.95
Upside Target	14.30
Upside Target	14.90
Upside Target	15.10
Upside Target	15.25
Upside Target	15.65
Upside Target	16.20
Upside Target	16.50
Upside Target	19.00

Intraday share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Intraday Target	11.15
Downside Intraday Target	10.55
Upside Intraday Target	12.9
Upside Intraday Target	14.05
Upside Intraday Target	12.3

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Wed Feb 2024	11.75	13.45	13.45	11.70	0.812 times
23 Fri Feb 2024	13.55	15.25	15.25	13.20	1.451 times
16 Fri Feb 2024	14.55	15.05	15.10	12.95	0.654 times
09 Fri Feb 2024	15.05	14.95	15.65	14.45	1.021 times
02 Fri Feb 2024	14.95	16.15	16.50	14.90	1.249 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
28 Wed Feb 2024	11.75	16.10	16.20	11.70	1.009 times
31 Wed Jan 2024	15.90	18.90	19.00	14.30	0.974 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

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_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 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_BE) ) 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 gaining 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 getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

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

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 13.29 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 negative.

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