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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 2024-11-27 View latest technical analysis

10 day averaged volume of Raj Rayon is 20623

Date	Daily Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	21.45	22.32	22.32	21.45	0.918 times
26 Tue Nov 2024	21.89	21.89	21.89	21.89	0.862 times
25 Mon Nov 2024	22.34	22.80	22.84	22.34	0.878 times
22 Fri Nov 2024	22.80	22.81	23.55	22.80	0.937 times
21 Thu Nov 2024	23.27	23.95	23.95	23.11	0.98 times
19 Tue Nov 2024	23.50	23.32	24.00	23.26	0.826 times
18 Mon Nov 2024	23.74	24.23	24.23	23.74	0.242 times
14 Thu Nov 2024	24.23	24.73	25.00	24.23	0.557 times
13 Wed Nov 2024	24.73	25.25	25.50	24.73	0.721 times
12 Tue Nov 2024	25.24	25.88	25.89	24.98	1.226 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 22.2, but if it comes above 22.2, then a intra day buy could be more profitable.
If you take a sell trade below 22.2, then use 22.2 as stoploss and 20.8 as target. However if you take a buy trade in stock , then use 22.2 as stoploss and 23.4 as target.

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	20.06
Downside Target	21.45
Upside Target	22.63
Upside Target	23.52
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	20.99
Downside Intraday Target	20.52
Upside Intraday Target	22.38
Upside Intraday Target	23.3
Upside Intraday Target	21.91

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Wed Nov 2024	21.45	22.80	22.84	21.45	0.89 times
22 Fri Nov 2024	22.80	24.23	24.23	22.80	0.566 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

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
27 Wed Nov 2024	21.45	22.50	25.89	21.45	0.732 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 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 weakening, and bulls are picking up momentum!

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 and selling is picking up 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 23.29 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.