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(RAJRILTD_BE) Raj Rayon complete technical analysis [charts+indicators] | Buy/Sell Raj Rayon | (RAJRILTD_BE) share price targets

Complete technical analysis of Raj Rayon (RAJRILTD_BE) by charts plus indicators, forecast predictions and share price targets for Raj Rayon (RAJRILTD_BE)

Showing technical analysis as on 2024-08-13 View latest technical analysis

10 day averaged volume of Raj Rayon is 44241

Date	Daily Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	22.97	22.99	22.99	22.71	0.939 times
12 Mon Aug 2024	22.54	21.66	22.54	21.66	0.644 times
09 Fri Aug 2024	22.10	22.32	22.70	21.87	0.576 times
08 Thu Aug 2024	22.32	22.84	22.84	22.21	0.416 times
07 Wed Aug 2024	22.56	23.14	23.14	22.40	0.608 times
06 Tue Aug 2024	22.74	22.44	23.00	22.09	1.005 times
05 Mon Aug 2024	22.55	22.80	23.10	22.34	0.777 times
02 Fri Aug 2024	22.80	23.50	23.50	22.61	1.056 times
01 Thu Aug 2024	23.08	23.00	23.08	22.18	1.354 times
31 Wed Jul 2024	22.63	22.63	22.63	22.00	1.335 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 22.8, but if it comes below 22.8, then a intra day sell could be more profitable.
If you take a sell trade below 22.8, then use 22.8 as stoploss and 21.81 as target. However if you take a buy trade in stock , then use 22.8 as stoploss and 23.9 as target.

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	19.70
Downside Target	21.87
Downside Target	22.25
Downside Target	22.63
Upside Target	22.99
Upside Target	23.14
Upside Target	23.50
Upside Target	24.10

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	22.09
Downside Intraday Target	21.21
Upside Intraday Target	23.42
Upside Intraday Target	23.87
Downside Intraday Target	22.54

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	22.97	21.66	22.99	21.66	0.468 times
09 Fri Aug 2024	22.10	22.80	23.14	21.87	0.448 times
02 Fri Aug 2024	22.80	21.76	23.50	21.05	1.818 times
26 Fri Jul 2024	21.35	20.78	21.35	20.06	1.51 times
19 Fri Jul 2024	20.48	21.14	21.29	20.30	0.709 times

Price has moved up 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 Raj Rayon (RAJRILTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
13 Tue Aug 2024	22.97	23.00	23.50	21.66	0.383 times
31 Wed Jul 2024	22.63	21.05	22.63	20.06	1.76 times
28 Fri Jun 2024	20.66	21.60	22.25	19.70	0.814 times
31 Fri May 2024	21.30	23.20	23.50	20.50	0.632 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 Raj Rayon (RAJRILTD_BE)

Price action analysis of Raj Rayon ( (RAJRILTD_BE) ) based on a short 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 Raj Rayon ( (RAJRILTD_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 Raj Rayon ( (RAJRILTD_BE) ) based on a mid to longer 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.

ADX buy sell signal for Raj Rayon stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.

MACD generated a BUY signal for Raj Rayon in short term and the buy signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Raj Rayon 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. Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Raj Rayon in short term and BUY 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 Raj Rayon is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 22.7 and Raj Rayon (RAJRILTD_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 Raj Rayon (RAJRILTD_BE) stock. Volume based technical analysis of Raj Rayon (RAJRILTD_BE) stock is negative.

Raj Rayon 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.