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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 2024-12-11 View latest technical analysis

10 day averaged volume of Raj Rayon is 26233

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	24.01	24.75	24.75	23.98	0.366 times
10 Tue Dec 2024	24.47	24.89	24.89	24.16	1.859 times
09 Mon Dec 2024	24.41	24.42	24.42	24.25	1.074 times
06 Fri Dec 2024	23.95	23.97	23.97	23.26	0.694 times
05 Thu Dec 2024	23.50	23.50	23.50	23.38	0.947 times
04 Wed Dec 2024	23.04	22.61	23.36	22.61	0.698 times
03 Tue Dec 2024	22.91	22.81	23.00	22.32	0.714 times
02 Mon Dec 2024	22.74	22.74	22.74	22.74	1.118 times
29 Fri Nov 2024	22.30	22.02	22.30	22.02	0.581 times
28 Thu Nov 2024	21.87	21.87	21.87	21.02	1.593 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 24.3 as stoploss in an intra day sell trade for a target of 23.32. However, stock will show a bullish move above 24.3.

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	21.02
Downside Target	21.46
Downside Target	22.32
Downside Target	22.80
Downside Target	23.52
Upside Target	24.24
Upside Target	24.89
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	23.7
Downside Intraday Target	23.38
Upside Intraday Target	24.61
Upside Intraday Target	25.2
Upside Intraday Target	24.29

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Dec 2024	24.01	24.42	24.89	23.98	0.791 times
06 Fri Dec 2024	23.95	22.74	23.97	22.32	0.978 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

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
11 Wed Dec 2024	24.01	22.74	24.89	22.32	0.447 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 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 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 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 Strong and stock is losing momentum.

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

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Raj Rayon in short term but SELL signal is weak.

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

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 23.33 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 rising upwards.

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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.