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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 2024-10-29 View latest technical analysis

10 day averaged volume of Raj Rayon is 15564

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	21.70	22.30	22.30	21.46	1.783 times
28 Mon Oct 2024	21.87	22.41	22.41	21.54	0.509 times
25 Fri Oct 2024	21.98	22.70	22.70	21.98	0.749 times
24 Thu Oct 2024	22.43	23.34	23.34	22.43	1.436 times
23 Wed Oct 2024	22.89	23.10	23.10	22.21	0.818 times
22 Tue Oct 2024	22.65	23.05	23.49	22.56	2.463 times
21 Mon Oct 2024	23.03	23.16	23.84	22.99	1.344 times
18 Fri Oct 2024	23.46	24.11	24.11	23.18	0.707 times
17 Thu Oct 2024	23.66	23.16	23.81	23.16	0.681 times
16 Wed Oct 2024	23.35	23.30	23.50	22.94	0.72 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 21.7, for a target of 22.5 or 23.2

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	19.70
Downside Target	21.46
Upside Target	23.14
Upside Target	23.52
Upside Target	23.84
Upside Target	24.10
Upside Target	24.11
Upside Target	24.24
Upside Target	25.68
Upside Target	28.74

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	21.3
Downside Intraday Target	20.91
Upside Intraday Target	22.25
Upside Intraday Target	22.81
Upside Intraday Target	21.86

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	21.70	22.41	22.41	21.46	0.337 times
25 Fri Oct 2024	21.98	23.16	23.84	21.98	1.535 times
18 Fri Oct 2024	23.46	24.00	24.11	22.94	0.348 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

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
29 Tue Oct 2024	21.70	24.00	24.24	21.46	0.444 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 is trading near its recent LOWS in short term which reflects strong selling momentum. 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 22.61 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.