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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 2024-05-30 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 839287

Date	Daily Closing Price	Open	High	Low	Volume
30 Thu May 2024	10.85	10.90	11.05	10.70	0.686 times
29 Wed May 2024	10.90	11.00	11.10	10.75	0.545 times
28 Tue May 2024	10.95	10.80	11.20	10.80	0.793 times
27 Mon May 2024	10.80	11.05	11.20	10.55	1.731 times
24 Fri May 2024	11.05	11.45	11.50	11.00	1.137 times
23 Thu May 2024	11.40	11.80	11.90	11.30	0.962 times
22 Wed May 2024	11.60	12.00	12.00	11.55	1.13 times
21 Tue May 2024	11.75	11.70	12.00	11.70	0.992 times
18 Sat May 2024	11.65	11.75	11.80	11.40	0.398 times
17 Fri May 2024	11.55	11.50	11.75	11.40	0.922 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 10.8 as stoploss in an intra day buy trade for a target of 11.14. However, stock will show a bearish move below 10.8.

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	10.10
Downside Target	10.55
Upside Target	11.00
Upside Target	11.70
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	10.53
Downside Intraday Target	10.22
Upside Intraday Target	11.18
Upside Intraday Target	11.52
Upside Intraday Target	10.87

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Thu May 2024	10.85	11.05	11.20	10.55	0.89 times
24 Fri May 2024	11.05	11.70	12.00	11.00	0.661 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

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
30 Thu May 2024	10.85	11.30	12.00	10.10	1.511 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, and volume has increased substantially. This means that the move can 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 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 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 SELL. Signal strength is Strong 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 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 11.22 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.