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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 2024-03-01 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 2191039

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	12.90	12.90	12.90	12.70	1.139 times
29 Thu Feb 2024	12.30	11.75	12.30	11.70	0.427 times
28 Wed Feb 2024	11.75	12.15	12.60	11.70	1.146 times
27 Tue Feb 2024	12.25	13.00	13.05	12.25	1.338 times
26 Mon Feb 2024	12.90	13.45	13.45	12.90	1.539 times
23 Fri Feb 2024	13.55	14.05	14.25	13.50	1.156 times
22 Thu Feb 2024	13.85	13.80	13.95	13.20	0.407 times
21 Wed Feb 2024	13.65	14.00	14.20	13.60	0.613 times
20 Tue Feb 2024	13.85	14.30	14.40	13.75	1.295 times
19 Mon Feb 2024	14.05	15.25	15.25	13.95	1.487 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 12.8 as stoploss in an intra day buy trade for a target of 13.86. However, stock will show a bearish move below 12.8.

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	8.80
Downside Target	9.90
Downside Target	10.30
Downside Target	11.70
Downside Target	12.70
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	11.92
Downside Intraday Target	10.93
Upside Intraday Target	13.67
Upside Intraday Target	14.43
Downside Intraday Target	12.68

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	12.90	13.45	13.45	11.70	1.128 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
01 Fri Mar 2024	12.90	12.90	12.90	12.70	0.056 times
29 Thu Feb 2024	12.30	16.10	16.20	11.70	1.031 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

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 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 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 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 13.1 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.