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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 2024-10-16 View latest technical analysis

10 day averaged volume of Raj Rayon is 33305

Date	Daily Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	23.35	23.30	23.50	22.94	0.336 times
15 Tue Oct 2024	23.40	23.60	23.79	23.20	0.268 times
14 Mon Oct 2024	23.60	24.00	24.00	23.45	0.82 times
11 Fri Oct 2024	23.93	23.80	23.94	23.51	0.181 times
10 Thu Oct 2024	23.88	24.24	24.24	23.56	0.219 times
09 Wed Oct 2024	23.84	24.11	24.11	23.57	0.54 times
08 Tue Oct 2024	23.64	23.99	24.09	23.14	2.848 times
07 Mon Oct 2024	23.62	24.21	24.21	23.26	2.163 times
04 Fri Oct 2024	23.74	24.00	24.10	23.41	0.422 times
03 Thu Oct 2024	23.67	23.11	23.98	23.11	1.354 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 23.5, but if it comes above 23.5, then a intra day buy could be more profitable.
If you take a sell trade below 23.5, then use 23.5 as stoploss and 22.8 as target. However if you take a buy trade in stock , then use 23.5 as stoploss and 24.06 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
Upside Target	24.10
Upside Target	24.21
Upside Target	24.24
Upside Target	25.40
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	22.86
Downside Intraday Target	22.37
Upside Intraday Target	23.92
Upside Intraday Target	24.49
Upside Intraday Target	23.43

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Wed Oct 2024	23.35	24.00	24.00	22.94	0.239 times
11 Fri Oct 2024	23.93	24.21	24.24	23.14	1.753 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

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
16 Wed Oct 2024	23.35	24.00	24.24	22.94	0.301 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 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 Raj Rayon (RAJRILTD_BE)

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 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 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 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 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

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 23.65 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.