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(MCON_SM) Mcon Rasayan complete technical analysis [charts+indicators] | Buy/Sell Mcon Rasayan | (MCON_SM) share price targets

Complete technical analysis of Mcon Rasayan (MCON_SM) by charts plus indicators, forecast predictions and share price targets for Mcon Rasayan (MCON_SM)

10 day averaged volume of Mcon Rasayan is 41900

Date Daily Closing Price Open High Low Volume
25 Mon Nov 2024 152.85 155.00 165.95 151.00 6.468 times
22 Fri Nov 2024 158.35 158.35 158.35 158.35 0.048 times
21 Thu Nov 2024 166.65 166.65 166.65 166.65 0.024 times
19 Tue Nov 2024 175.40 175.40 176.10 175.40 1.408 times
18 Mon Nov 2024 184.60 184.60 184.60 184.60 0.024 times

Stock of Mcon Rasayan (MCON_SM) has showed a significant fall. This could be a good time to exit from 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 158.7, but if it comes above 158.7, then a intra day buy could be more profitable.
If you take a sell trade below 158.7, then use 158.7 as stoploss and 138.7 as target. However if you take a buy trade in stock , then use 158.7 as stoploss and 175.29 as target.

Share price targets for Mcon Rasayan (MCON_SM)

Target Type Value
Downside Target 105.35
Downside Target 135.00
Downside Target 150.15
Upside Target 158.35
Upside Target 162.60
Upside Target 172.50
Upside Target 184.60
Upside Target 190.00
Upside Target 191.05
Upside Target 199.85
Upside Target 201.10
Upside Target 210.00
Upside Target 244.35

Intraday share price targets for Mcon Rasayan (MCON_SM)

Target Type Value
Downside Intraday Target 147.25
Downside Intraday Target 141.65
Upside Intraday Target 162.2
Upside Intraday Target 171.55
Upside Intraday Target 156.6

Weekly technical analysis of Mcon Rasayan (MCON_SM)

Date Weekly Closing Price Open High Low Volume
25 Mon Nov 2024 152.85 155.00 165.95 151.00 4.302 times
22 Fri Nov 2024 158.35 184.60 184.60 158.35 1.05 times
14 Thu Nov 2024 194.30 192.00 210.00 190.00 0.441 times
08 Fri Nov 2024 191.00 164.50 199.85 164.50 13.6 times
01 Fri Nov 2024 164.50 157.00 172.50 150.15 0.769 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Mcon Rasayan (MCON_SM)

Date Monthly Closing Price Open High Low Volume
25 Mon Nov 2024 152.85 172.50 210.00 151.00 3.092 times
31 Thu Oct 2024 164.35 150.00 164.40 135.90 0.521 times
15 Mon Jul 2024 191.05 211.15 244.35 191.05 0.938 times
28 Fri Jun 2024 201.10 149.50 201.10 135.00 0.898 times

Price has moved down this month, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Mcon Rasayan (MCON_SM)

Indicator Name Indicator Value Indicator Signal
ADX 35, 39, 6 Sell
MACD 2, 8Sell
Stochastics 1Sell
CCI -119Sell
RSI 43Sell
OBV -183000Sell
VWAP 165Sell
ADL 0Sell
ROC -20Sell
Force Index 0Sell

Price action analysis of Mcon Rasayan ( (MCON_SM) ) 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 Mcon Rasayan ( (MCON_SM) ) based on a short 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

Price action analysis of Mcon Rasayan ( (MCON_SM) ) 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 Mcon Rasayan ( (MCON_SM) ) based on a mid to longer 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.

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

MACD generated a SELL signal for Mcon Rasayan in short term but the sell signal is initial and weak.

Mcon Rasayan 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 red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Mcon Rasayan in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing 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 Mcon Rasayan is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 165.09 and Mcon Rasayan (MCON_SM) 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 Mcon Rasayan (MCON_SM) stock. Volume based technical analysis of Mcon Rasayan (MCON_SM) stock is negative.

Mcon Rasayan Stock has given negative 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.

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