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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 2024-05-18 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 625997

Date	Daily Closing Price	Open	High	Low	Volume
18 Sat May 2024	11.65	11.75	11.80	11.40	0.534 times
17 Fri May 2024	11.55	11.50	11.75	11.40	1.236 times
16 Thu May 2024	11.50	11.45	11.75	11.00	1.862 times
15 Wed May 2024	11.20	11.35	11.40	10.95	1.252 times
14 Tue May 2024	10.95	10.55	10.95	10.40	1.141 times
13 Mon May 2024	10.45	10.10	10.60	10.10	2.536 times
10 Fri May 2024	10.60	10.75	10.75	10.60	0.498 times
09 Thu May 2024	10.80	11.00	11.00	10.80	0.317 times
08 Wed May 2024	11.00	11.20	11.20	11.00	0.372 times
07 Tue May 2024	11.20	11.35	11.35	11.20	0.291 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 11.7, for a target of 11.4 or 11.07

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	10.10
Downside Target	10.60
Downside Target	11.00
Upside Target	11.70
Upside Target	11.80
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	10.57
Downside Intraday Target	9.48
Upside Intraday Target	12.27
Upside Intraday Target	12.88
Downside Intraday Target	11.18

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Sat May 2024	11.65	10.10	11.80	10.10	4.339 times
10 Fri May 2024	10.60	11.30	11.35	10.60	0.63 times
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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
18 Sat May 2024	11.65	11.30	11.80	10.10	0.813 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 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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Rajnandini Metal stock for short term is BUY. 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 in or above 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

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 11.05 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 is giving positive 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.