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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 2024-10-07 View latest technical analysis

10 day averaged volume of Raj Rayon is 25891

Date	Daily Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	23.62	24.21	24.21	23.26	2.782 times
04 Fri Oct 2024	23.74	24.00	24.10	23.41	0.542 times
03 Thu Oct 2024	23.67	23.11	23.98	23.11	1.741 times
01 Tue Oct 2024	23.59	24.00	24.00	23.41	1.526 times
30 Mon Sep 2024	23.54	23.97	23.99	23.52	0.558 times
27 Fri Sep 2024	24.00	24.22	24.22	23.85	0.677 times
26 Thu Sep 2024	24.22	24.19	24.48	23.99	0.668 times
25 Wed Sep 2024	24.48	24.36	25.00	24.36	0.821 times
24 Tue Sep 2024	24.86	25.25	25.40	24.66	0.715 times
23 Mon Sep 2024	25.17	25.00	25.34	24.50	1.032 times

Stock of Raj Rayon (RAJRILTD_BE) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.8, but if it comes above 23.8, then a intra day buy could be more profitable.
If you take a sell trade below 23.8, then use 23.8 as stoploss and 22.4 as target. However if you take a buy trade in stock , then use 23.8 as stoploss and 24.95 as target.

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	19.70
Downside Target	21.66
Downside Target	22.25
Downside Target	23.11
Upside Target	24.21
Upside Target	25.40
Upside Target	25.52
Upside Target	25.68
Upside Target	25.81
Upside Target	28.74

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	23.18
Downside Intraday Target	22.75
Upside Intraday Target	24.13
Upside Intraday Target	24.65
Upside Intraday Target	23.7

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	23.62	24.21	24.21	23.26	0.637 times
04 Fri Oct 2024	23.74	23.97	24.10	23.11	1.116 times
27 Fri Sep 2024	24.00	25.00	25.40	23.85	0.453 times
20 Fri Sep 2024	24.93	25.01	25.81	24.21	0.884 times
13 Fri Sep 2024	25.52	28.74	28.74	25.52	0.459 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 Raj Rayon (RAJRILTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
07 Mon Oct 2024	23.62	24.00	24.21	23.11	0.149 times
30 Mon Sep 2024	23.54	26.19	28.74	23.52	1.102 times
30 Fri Aug 2024	25.68	23.00	25.68	21.66	1.217 times
31 Wed Jul 2024	22.63	21.05	22.63	20.06	1.76 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 neutral. A longer time frame might give a better analysis.

Price action analysis of Raj Rayon ( (RAJRILTD_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 Raj Rayon ( (RAJRILTD_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 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 SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a SELL signal for Raj Rayon in short term and the sell signal is strong.

Raj Rayon 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 coming down

CCI has generated a SELL signal for Raj Rayon in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling 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 Raj Rayon is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 23.97 and Raj Rayon (RAJRILTD_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 Raj Rayon (RAJRILTD_BE) stock. Volume based technical analysis of Raj Rayon (RAJRILTD_BE) stock is negative.

Raj Rayon 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.