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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 2024-11-21 View latest technical analysis

10 day averaged volume of Raj Rayon is 27091

Date	Daily Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	23.27	23.95	23.95	23.11	0.746 times
19 Tue Nov 2024	23.50	23.32	24.00	23.26	0.629 times
18 Mon Nov 2024	23.74	24.23	24.23	23.74	0.185 times
14 Thu Nov 2024	24.23	24.73	25.00	24.23	0.424 times
13 Wed Nov 2024	24.73	25.25	25.50	24.73	0.549 times
12 Tue Nov 2024	25.24	25.88	25.89	24.98	0.934 times
11 Mon Nov 2024	25.49	25.10	25.52	24.85	2.108 times
08 Fri Nov 2024	25.02	25.00	25.02	24.90	1.555 times
07 Thu Nov 2024	24.53	24.53	24.53	24.15	1.268 times
06 Wed Nov 2024	24.05	24.05	24.05	23.90	2.119 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.3 or till 20.9. Use a stoploss of 23.43 and if the stock hits stoploss, then it can shoot up till 24.57

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	24.23
Upside Target	24.24
Upside Target	25.02
Upside Target	25.68
Upside Target	25.89
Upside Target	28.74

Intraday share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Intraday Target	22.84
Downside Intraday Target	22.42
Upside Intraday Target	23.96
Upside Intraday Target	24.66
Upside Intraday Target	23.54

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Thu Nov 2024	23.27	24.23	24.23	23.11	0.389 times
14 Thu Nov 2024	24.23	25.10	25.89	24.23	0.713 times
08 Fri Nov 2024	25.02	23.11	25.02	22.70	2.813 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

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
21 Thu Nov 2024	23.27	22.50	25.89	22.05	0.59 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 gaining momentum.

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

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 green color and prices are in or below the green 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 BUY signal in short term and the buying is gaining 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 24.59 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.