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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 2024-11-05 View latest technical analysis

10 day averaged volume of Raj Rayon is 15159

Date	Daily Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	23.58	23.58	23.58	23.58	0.411 times
04 Mon Nov 2024	23.12	23.11	23.12	22.70	0.813 times
01 Fri Nov 2024	22.67	22.50	22.95	22.05	0.283 times
31 Thu Oct 2024	22.50	22.55	22.57	22.25	0.578 times
30 Wed Oct 2024	22.13	22.10	22.13	22.00	0.361 times
29 Tue Oct 2024	21.70	22.30	22.30	21.46	1.831 times
28 Mon Oct 2024	21.87	22.41	22.41	21.54	0.522 times
25 Fri Oct 2024	21.98	22.70	22.70	21.98	0.769 times
24 Thu Oct 2024	22.43	23.34	23.34	22.43	1.475 times
23 Wed Oct 2024	22.89	23.10	23.10	22.21	0.84 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 23.7 as stoploss in an intra day sell trade for a target of 22.98. However, stock will show a bullish move above 23.7.

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	20.06
Downside Target	21.46
Downside Target	22.63
Downside Target	23.58
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	22.99
Downside Intraday Target	22.41
Upside Intraday Target	23.87
Upside Intraday Target	24.17
Downside Intraday Target	23.29

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Tue Nov 2024	23.58	23.11	23.58	22.70	0.342 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
05 Tue Nov 2024	23.58	22.50	23.58	22.05	0.044 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 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 BUY. Signal strength is Weak and stock is gaining 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 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 22.36 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.