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 2024-05-03 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 412872

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	11.30	11.30	11.30	11.30	1.584 times
02 Thu May 2024	11.10	11.30	11.30	11.10	1.324 times
30 Tue Apr 2024	11.30	11.30	11.30	11.30	0.766 times
29 Mon Apr 2024	11.10	11.10	11.10	11.10	1.073 times
26 Fri Apr 2024	10.90	10.85	10.90	10.85	0.928 times
25 Thu Apr 2024	10.85	10.80	10.85	10.80	0.624 times
24 Wed Apr 2024	10.80	10.90	10.90	10.75	1.487 times
23 Tue Apr 2024	10.90	11.00	11.00	10.90	0.983 times
22 Mon Apr 2024	11.00	11.00	11.00	11.00	1.815 times
19 Fri Apr 2024	11.20	11.20	11.20	11.20	0.45 times

My analysis of stock is bearish for shortterm, and stock might move down till 10.9 or till 10.1. Use a stoploss of 11.6 and if the stock hits stoploss, then it can shoot up till 12.26

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	10.25
Downside Target	10.60
Downside Target	11.00
Upside Target	11.70
Upside Target	12.00
Upside Target	12.75
Upside Target	13.00
Upside Target	14.00
Upside Target	14.30
Upside Target	16.20
Upside Target	19.00

Intraday share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Intraday Target	11.17
Downside Intraday Target	11.03
Upside Intraday Target	11.37
Upside Intraday Target	11.43
Downside Intraday Target	11.23

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	11.30	11.10	11.30	11.10	0.813 times
26 Fri Apr 2024	10.90	11.00	11.00	10.75	3.156 times
19 Fri Apr 2024	11.20	11.80	11.80	11.20	1.039 times
12 Fri Apr 2024	12.00	12.75	12.75	12.00	0.149 times
05 Fri Apr 2024	13.00	10.60	13.00	10.60	1.036 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
03 Fri May 2024	11.30	11.30	11.30	11.10	0.125 times
30 Tue Apr 2024	11.30	10.60	13.00	10.60	0.379 times
28 Thu Mar 2024	10.30	12.90	14.00	10.25	0.569 times
29 Thu Feb 2024	12.30	16.10	16.20	11.70	1.031 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 neutral. A longer time frame might give a better analysis.

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 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 BUY signal for Rajnandini Metal in short term but the buy signal is initial and weak.

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 below 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 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 11.04 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 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.