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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 2024-12-30 View latest technical analysis

10 day averaged volume of Raj Rayon is 21541

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	23.28	23.22	23.50	22.81	0.437 times
27 Fri Dec 2024	23.28	23.06	23.63	22.70	0.607 times
26 Thu Dec 2024	23.17	23.63	24.10	23.15	0.514 times
24 Tue Dec 2024	23.63	23.70	23.76	23.31	1.598 times
23 Mon Dec 2024	23.30	23.30	23.30	22.51	2.288 times
20 Fri Dec 2024	22.85	22.07	22.97	22.06	1.088 times
19 Thu Dec 2024	22.52	22.98	22.98	22.52	0.332 times
18 Wed Dec 2024	22.98	23.84	23.84	22.98	0.715 times
17 Tue Dec 2024	23.45	23.46	23.46	23.01	1.136 times
16 Mon Dec 2024	23.00	23.55	23.60	22.80	1.049 times

My analysis of stock is bearish for shortterm, and stock might move down till 22.8 or till 22.2. Use a stoploss of 23.36 and if the stock hits stoploss, then it can shoot up till 23.87

Share price targets for Raj Rayon (RAJRILTD_BE)

Target Type	Value
Downside Target	21.02
Downside Target	21.46
Upside Target	23.50
Upside Target	23.97
Upside Target	24.10
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	22.89
Downside Intraday Target	22.51
Upside Intraday Target	23.58
Upside Intraday Target	23.89
Downside Intraday Target	23.2

Weekly technical analysis of Raj Rayon (RAJRILTD_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	23.28	23.22	23.50	22.81	0.087 times
27 Fri Dec 2024	23.28	23.30	24.10	22.51	1.159 times
20 Fri Dec 2024	22.85	23.55	23.84	22.06	0.711 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

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
30 Mon Dec 2024	23.28	22.74	24.89	22.06	1.027 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 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 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 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 gaining momentum.

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

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. Bulls 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 but SELL signal is weak.

RSI is generating a SELL signal in short term but selling is losing 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 23.23 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 negative.

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