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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 2024-06-24 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 737739

Date	Daily Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	10.66	10.90	10.90	10.55	0.966 times
21 Fri Jun 2024	10.78	10.85	10.90	10.70	0.773 times
20 Thu Jun 2024	10.75	10.77	10.80	10.21	1.247 times
19 Wed Jun 2024	10.68	10.80	10.80	10.60	0.911 times
18 Tue Jun 2024	10.70	10.64	10.79	10.60	1.447 times
14 Fri Jun 2024	10.63	10.79	10.80	10.55	1.179 times
13 Thu Jun 2024	10.68	10.74	10.74	10.50	0.853 times
12 Wed Jun 2024	10.63	10.65	10.74	10.60	1.083 times
11 Tue Jun 2024	10.65	10.80	10.80	10.48	0.889 times
10 Mon Jun 2024	10.70	10.85	10.90	10.51	0.787 times

My analysis of stock is bearish for shortterm, and stock might move down till 10.5 or till 10.3. Use a stoploss of 10.68 and if the stock hits stoploss, then it can shoot up till 10.85

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	9.90
Downside Target	10.10
Downside Target	10.48
Upside Target	10.90
Upside Target	11.15
Upside Target	11.20
Upside Target	11.70
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	10.51
Downside Intraday Target	10.35
Upside Intraday Target	10.86
Upside Intraday Target	11.05
Upside Intraday Target	10.7

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Mon Jun 2024	10.66	10.90	10.90	10.55	0.221 times
21 Fri Jun 2024	10.78	10.64	10.90	10.21	0.914 times
14 Fri Jun 2024	10.63	10.85	10.90	10.48	0.818 times
07 Fri Jun 2024	10.60	10.95	11.15	9.90	1.131 times
31 Fri May 2024	10.70	11.05	11.20	10.55	1.078 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
24 Mon Jun 2024	10.66	10.95	11.15	9.90	0.778 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Rajnandini Metal ( (RAJMET_BE) ) based on a short to mid 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 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 Strong 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 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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 10.68 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 is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.