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 2024-06-06 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 856298

Date	Daily Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	10.70	10.20	10.70	10.20	0.846 times
05 Wed Jun 2024	10.20	10.30	10.50	9.90	0.997 times
04 Tue Jun 2024	10.30	10.90	10.90	10.25	1.338 times
03 Mon Jun 2024	10.75	10.95	11.15	10.65	1.147 times
31 Fri May 2024	10.70	10.85	11.05	10.60	0.779 times
30 Thu May 2024	10.85	10.90	11.05	10.70	0.672 times
29 Wed May 2024	10.90	11.00	11.10	10.75	0.535 times
28 Tue May 2024	10.95	10.80	11.20	10.80	0.777 times
27 Mon May 2024	10.80	11.05	11.20	10.55	1.697 times
24 Fri May 2024	11.05	11.45	11.50	11.00	1.115 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 10.5 as stoploss in an intra day buy trade for a target of 10.99. However, stock will show a bearish move below 10.5.

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	9.90
Downside Target	10.10
Downside Target	10.55
Upside Target	11.00
Upside Target	11.35
Upside Target	11.70
Upside Target	11.80
Upside Target	12.00
Upside Target	13.00
Upside Target	14.00
Upside Target	16.20

Intraday share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Intraday Target	10.02
Downside Intraday Target	9.33
Upside Intraday Target	11.27
Upside Intraday Target	11.83
Downside Intraday Target	10.58

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Thu Jun 2024	10.70	10.95	11.15	9.90	0.971 times
31 Fri May 2024	10.70	11.05	11.20	10.55	1.078 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

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
06 Thu Jun 2024	10.70	10.95	11.15	9.90	0.245 times
31 Fri May 2024	10.70	11.30	12.00	10.10	1.58 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

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 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 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 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 losing momentum.

MACD generated a SELL signal for Rajnandini Metal in short term and the sell signal is strong.

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 LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

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 but BUY 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 10.7 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.