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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 2024-06-27 View latest technical analysis

10 day averaged volume of Rajnandini Metal is 740557

Date	Daily Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	10.20	10.56	10.56	10.10	1.447 times
26 Wed Jun 2024	10.53	10.55	10.70	10.50	0.691 times
25 Tue Jun 2024	10.54	10.66	10.80	10.50	0.883 times
24 Mon Jun 2024	10.66	10.90	10.90	10.55	0.962 times
21 Fri Jun 2024	10.78	10.85	10.90	10.70	0.77 times
20 Thu Jun 2024	10.75	10.77	10.80	10.21	1.242 times
19 Wed Jun 2024	10.68	10.80	10.80	10.60	0.907 times
18 Tue Jun 2024	10.70	10.64	10.79	10.60	1.441 times
14 Fri Jun 2024	10.63	10.79	10.80	10.55	1.175 times
13 Thu Jun 2024	10.68	10.74	10.74	10.50	0.849 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 10.2, for a target of 10.4 or 10.61

Share price targets for Rajnandini Metal (RAJMET_BE)

Target Type	Value
Downside Target	9.90
Downside Target	10.10
Upside 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	9.9
Downside Intraday Target	9.6
Upside Intraday Target	10.7
Upside Intraday Target	11.2
Upside Intraday Target	10.4

Weekly technical analysis of Rajnandini Metal (RAJMET_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Thu Jun 2024	10.20	10.90	10.90	10.10	0.913 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
27 Thu Jun 2024	10.20	10.95	11.15	9.90	0.926 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 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 10.6 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.