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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 2024-12-19 View latest technical analysis

10 day averaged volume of Raj Rayon is 23644

Date	Daily Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	22.52	22.98	22.98	22.52	0.302 times
18 Wed Dec 2024	22.98	23.84	23.84	22.98	0.651 times
17 Tue Dec 2024	23.45	23.46	23.46	23.01	1.035 times
16 Mon Dec 2024	23.00	23.55	23.60	22.80	0.956 times
13 Fri Dec 2024	23.14	23.04	23.80	23.04	0.613 times
12 Thu Dec 2024	23.52	24.35	24.44	23.52	1.263 times
11 Wed Dec 2024	24.01	24.75	24.75	23.98	0.407 times
10 Tue Dec 2024	24.47	24.89	24.89	24.16	2.063 times
09 Mon Dec 2024	24.41	24.42	24.42	24.25	1.192 times
06 Fri Dec 2024	23.95	23.97	23.97	23.26	0.77 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 22.2 as stoploss in an intra day buy trade for a target of 23.01. However, stock will show a bearish move below 22.2.

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	21.02
Downside Target	21.46
Downside Target	22.32
Upside Target	23.52
Upside Target	23.97
Upside Target	24.23
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	22.08
Downside Intraday Target	21.64
Upside Intraday Target	23.4
Upside Intraday Target	24.28
Upside Intraday Target	22.96

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Thu Dec 2024	22.52	23.55	23.84	22.52	0.532 times
13 Fri Dec 2024	23.14	24.42	24.89	23.04	1.197 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

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
19 Thu Dec 2024	22.52	22.74	24.89	22.32	0.706 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 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 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 getting stronger in this stock.

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 positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 23.75 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.