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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 2024-03-05 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 2003476

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	12.50	12.95	13.00	12.30	0.523 times
04 Mon Mar 2024	12.95	13.85	14.00	12.85	1.115 times
02 Sat Mar 2024	13.50	13.20	13.50	13.20	0.394 times
01 Fri Mar 2024	12.90	12.90	12.90	12.70	1.246 times
29 Thu Feb 2024	12.30	11.75	12.30	11.70	0.467 times
28 Wed Feb 2024	11.75	12.15	12.60	11.70	1.253 times
27 Tue Feb 2024	12.25	13.00	13.05	12.25	1.464 times
26 Mon Feb 2024	12.90	13.45	13.45	12.90	1.683 times
23 Fri Feb 2024	13.55	14.05	14.25	13.50	1.264 times
22 Thu Feb 2024	13.85	13.80	13.95	13.20	0.445 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.6, but if it comes above 12.6, then a intra day buy could be more profitable.
If you take a sell trade below 12.6, then use 12.6 as stoploss and 11.6 as target. However if you take a buy trade in stock , then use 12.6 as stoploss and 13.54 as target.

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	12.30
Upside Target	12.95
Upside Target	13.50
Upside Target	14.00
Upside Target	14.30
Upside Target	15.10
Upside Target	15.25
Upside Target	15.65
Upside Target	16.20
Upside Target	19.00

Intraday share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Intraday Target	11.87
Downside Intraday Target	11.23
Upside Intraday Target	13.57
Upside Intraday Target	14.63
Upside Intraday Target	12.93

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Mar 2024	12.50	13.85	14.00	12.30	0.252 times
02 Sat Mar 2024	13.50	13.45	13.50	11.70	1.2 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

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
05 Tue Mar 2024	12.50	12.90	14.00	12.30	0.147 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 Weak 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 12.76 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.