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(RANASUG) Rana Sugars complete technical analysis [charts+indicators] | Buy/Sell Rana Sugars | (RANASUG) share price targets

Complete technical analysis of Rana Sugars (RANASUG) by charts plus indicators, forecast predictions and share price targets for Rana Sugars (RANASUG)

Rana Sugars trades in NSE in Sugar sector.

Showing technical analysis as on 2024-06-03 View latest technical analysis

10 day averaged volume of Rana Sugars is 314621

Date	Daily Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	21.05	21.60	21.60	20.85	2.104 times
31 Fri May 2024	21.00	20.70	21.05	20.65	1.157 times
30 Thu May 2024	20.80	21.00	21.20	20.60	1.063 times
29 Wed May 2024	21.00	21.10	21.20	20.70	0.986 times
28 Tue May 2024	21.05	21.60	21.60	20.90	1.072 times
27 Mon May 2024	21.40	21.50	21.75	21.35	0.931 times
24 Fri May 2024	21.50	21.45	21.80	21.45	1.852 times
23 Thu May 2024	21.55	21.45	21.75	21.45	0.828 times
22 Wed May 2024	21.45	21.80	21.85	21.40	0.888 times
21 Tue May 2024	21.55	21.75	21.80	21.40	1.009 times

Stock of Rana Sugars (RANASUG) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 21.1, but if it comes above 21.1, then a intra day buy could be more profitable.
If you take a sell trade below 21.1, then use 21.1 as stoploss and 20.7 as target. However if you take a buy trade in stock , then use 21.1 as stoploss and 21.36 as target.

Share price targets for Rana Sugars (RANASUG)

Target Type	Value
Downside Target	18.20
Downside Target	18.70
Downside Target	20.60
Upside Target	21.40
Upside Target	21.85
Upside Target	22.10
Upside Target	22.70
Upside Target	22.95
Upside Target	23.15
Upside Target	23.75
Upside Target	24.30
Upside Target	27.60

Intraday share price targets for Rana Sugars (RANASUG)

Target Type	Value
Downside Intraday Target	20.73
Downside Intraday Target	20.42
Upside Intraday Target	21.48
Upside Intraday Target	21.92
Upside Intraday Target	21.17

Weekly technical analysis of Rana Sugars (RANASUG)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	21.05	21.60	21.60	20.85	0.404 times
31 Fri May 2024	21.00	21.50	21.75	20.60	1.138 times
24 Fri May 2024	21.50	21.75	21.85	21.40	0.916 times
18 Sat May 2024	21.75	21.30	22.10	20.80	0.56 times
10 Fri May 2024	21.45	22.65	22.70	20.70	0.742 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 Rana Sugars (RANASUG)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Mon Jun 2024	21.05	21.60	21.60	20.85	0.079 times
31 Fri May 2024	21.00	22.90	22.95	20.60	0.368 times
30 Tue Apr 2024	22.80	19.70	23.75	18.20	1.218 times
28 Thu Mar 2024	19.40	23.75	24.30	18.70	0.281 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 Rana Sugars (RANASUG)

Price action analysis of Rana Sugars ( (RANASUG) ) 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 Rana Sugars ( (RANASUG) ) 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 Rana Sugars ( (RANASUG) ) 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 Rana Sugars ( (RANASUG) ) based on a mid to longer term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Rana Sugars stock for short term is SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Rana Sugars 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.

Rana Sugars 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 green color and prices are in or below the green cloud Prices appear to be moving up

CCI has generated a buy signal for Rana Sugars in short term but BUY signal is weak.

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 Rana Sugars is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.22 and Rana Sugars (RANASUG) 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 Rana Sugars (RANASUG) stock. Volume based technical analysis of Rana Sugars (RANASUG) stock is negative.

Rana Sugars 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.