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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 2024-12-02 View latest technical analysis

10 day averaged volume of Raj Rayon is 18492

Date	Daily Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	22.74	22.74	22.74	22.74	1.587 times
29 Fri Nov 2024	22.30	22.02	22.30	22.02	0.824 times
28 Thu Nov 2024	21.87	21.87	21.87	21.02	2.26 times
27 Wed Nov 2024	21.45	22.32	22.32	21.45	1.024 times
26 Tue Nov 2024	21.89	21.89	21.89	21.89	0.962 times
25 Mon Nov 2024	22.34	22.80	22.84	22.34	0.979 times
22 Fri Nov 2024	22.80	22.81	23.55	22.80	1.045 times
21 Thu Nov 2024	23.27	23.95	23.95	23.11	1.093 times
19 Tue Nov 2024	23.50	23.32	24.00	23.26	0.921 times
18 Mon Nov 2024	23.74	24.23	24.23	23.74	0.27 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 22.3 as stoploss in an intra day buy trade for a target of 23.43. However, stock will show a bearish move below 22.3.

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	21.02
Downside Target	21.46
Downside Target	22.70
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	22.74
Downside Intraday Target	22.74
Downside Intraday Target	22.74
Downside Intraday Target	22.74
Downside Intraday Target	22.74

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Mon Dec 2024	22.74	22.74	22.74	22.74	0.262 times
29 Fri Nov 2024	22.30	22.80	22.84	21.02	1.816 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

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
02 Mon Dec 2024	22.74	22.74	22.74	22.74	0.067 times
29 Fri Nov 2024	22.30	22.50	25.89	21.02	0.841 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

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 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 term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 SELL signal for Raj Rayon in short term and the sell signal is strong.

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. Bears are weakening, and bulls are picking up momentum!

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 BUY signal in short term and the buying is gaining 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 22.44 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 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.