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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 2024-05-22 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 693494

Date	Daily Closing Price	Open	High	Low	Volume
22 Wed May 2024	11.60	12.00	12.00	11.55	1.368 times
21 Tue May 2024	11.75	11.70	12.00	11.70	1.2 times
18 Sat May 2024	11.65	11.75	11.80	11.40	0.482 times
17 Fri May 2024	11.55	11.50	11.75	11.40	1.116 times
16 Thu May 2024	11.50	11.45	11.75	11.00	1.681 times
15 Wed May 2024	11.20	11.35	11.40	10.95	1.13 times
14 Tue May 2024	10.95	10.55	10.95	10.40	1.03 times
13 Mon May 2024	10.45	10.10	10.60	10.10	2.289 times
10 Fri May 2024	10.60	10.75	10.75	10.60	0.45 times
09 Thu May 2024	10.80	11.00	11.00	10.80	0.286 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 11.5, but if it comes below 11.5, then a intra day sell could be more profitable.
If you take a sell trade below 11.5, then use 11.5 as stoploss and 11.14 as target. However if you take a buy trade in stock , then use 11.5 as stoploss and 11.9 as target.

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	11.80
Upside Target	12.00
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	11.43
Downside Intraday Target	11.27
Upside Intraday Target	11.88
Upside Intraday Target	12.17
Upside Intraday Target	11.72

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
22 Wed May 2024	11.60	11.70	12.00	11.55	0.332 times
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

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
22 Wed May 2024	11.60	11.30	12.00	10.10	0.998 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 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 BUY. Signal strength is Weak and stock is losing 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 tired and bears are picking up momentum.

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

CCI has generated a SELL signal for Rajnandini Metal in short term but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 11.2 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.