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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 2024-10-09 View latest technical analysis

10 day averaged volume of Raj Rayon is 35455

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	23.84	24.11	24.11	23.57	0.508 times
08 Tue Oct 2024	23.64	23.99	24.09	23.14	2.675 times
07 Mon Oct 2024	23.62	24.21	24.21	23.26	2.031 times
04 Fri Oct 2024	23.74	24.00	24.10	23.41	0.396 times
03 Thu Oct 2024	23.67	23.11	23.98	23.11	1.271 times
01 Tue Oct 2024	23.59	24.00	24.00	23.41	1.114 times
30 Mon Sep 2024	23.54	23.97	23.99	23.52	0.407 times
27 Fri Sep 2024	24.00	24.22	24.22	23.85	0.495 times
26 Thu Sep 2024	24.22	24.19	24.48	23.99	0.488 times
25 Wed Sep 2024	24.48	24.36	25.00	24.36	0.6 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 23.7 as stoploss in an intra day buy trade for a target of 24.58. However, stock will show a bearish move below 23.7.

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	23.25
Downside Intraday Target	22.66
Upside Intraday Target	24.32
Upside Intraday Target	24.8
Downside Intraday Target	23.73

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	23.84	24.21	24.21	23.14	1.635 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 up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	23.84	24.00	24.21	23.11	0.248 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 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 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 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 neutral. A longer time frame might give a better analysis.

ADX buy sell signal for Raj Rayon stock for short term is SELL. Signal strength is Strong and stock is losing 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 moving up

CCI has generated a buy signal for Raj Rayon in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 23.74 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 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.