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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 2024-11-04 View latest technical analysis

10 day averaged volume of Raj Rayon is 16019

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	23.12	23.11	23.12	22.70	0.769 times
01 Fri Nov 2024	22.67	22.50	22.95	22.05	0.268 times
31 Thu Oct 2024	22.50	22.55	22.57	22.25	0.547 times
30 Wed Oct 2024	22.13	22.10	22.13	22.00	0.342 times
29 Tue Oct 2024	21.70	22.30	22.30	21.46	1.733 times
28 Mon Oct 2024	21.87	22.41	22.41	21.54	0.494 times
25 Fri Oct 2024	21.98	22.70	22.70	21.98	0.728 times
24 Thu Oct 2024	22.43	23.34	23.34	22.43	1.395 times
23 Wed Oct 2024	22.89	23.10	23.10	22.21	0.794 times
22 Tue Oct 2024	22.65	23.05	23.49	22.56	2.393 times

My analysis of stock is bullish for shortterm, and stock might move up till 23.7 or till 24.5. Use a stoploss of 22.99 and if this stock hits its stoploss, then it can fall down till 22.3

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	20.06
Downside Target	21.46
Downside Target	22.63
Upside Target	23.14
Upside Target	23.52
Upside Target	23.84
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	22.84
Downside Intraday Target	22.56
Upside Intraday Target	23.26
Upside Intraday Target	23.4
Downside Intraday Target	22.98

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	23.12	23.11	23.12	22.70	0.227 times
01 Fri Nov 2024	22.67	22.41	22.95	21.46	0.511 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

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
04 Mon Nov 2024	23.12	22.50	23.12	22.05	0.032 times
31 Thu Oct 2024	22.50	24.00	24.24	21.46	0.456 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

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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 Weak and stock is losing momentum.

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

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 red color and prices are in or above the red 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 SELL signal in short term but selling is losing 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 22.38 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 is giving positive 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.