(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 10500
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 110.80 | 120.00 | 120.00 | 109.50 | 1.619 times |
| 16 Thu May 2024 | 120.00 | 117.00 | 120.00 | 117.00 | 1.048 times |
| 15 Wed May 2024 | 117.00 | 120.00 | 121.00 | 116.25 | 1.714 times |
| 07 Tue May 2024 | 128.75 | 121.00 | 128.95 | 121.00 | 0.571 times |
| 06 Mon May 2024 | 129.90 | 119.00 | 129.90 | 119.00 | 0.762 times |
Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 109.8, for a target of 118.5 or 125.77
Share price targets for Mcon Rasayan (MCON_SM)
| Target Type | Value |
| Downside Target | 106.40 |
| Downside Target | 109.50 |
| Upside Target | 115.00 |
| Upside Target | 119.00 |
| Upside Target | 121.55 |
| Upside Target | 124.00 |
| Upside Target | 128.00 |
| Upside Target | 137.75 |
| Upside Target | 138.50 |
| Upside Target | 146.00 |
| Upside Target | 155.00 |
| Upside Target | 167.00 |
Intraday share price targets for Mcon Rasayan (MCON_SM)
| Target Type | Value |
| Downside Intraday Target | 103.57 |
| Downside Intraday Target | 96.33 |
| Upside Intraday Target | 123.97 |
| Upside Intraday Target | 137.13 |
| Upside Intraday Target | 116.73 |
Weekly technical analysis of Mcon Rasayan (MCON_SM)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 110.80 | 119.00 | 129.90 | 109.50 | 1.579 times |
| 03 Fri May 2024 | 120.00 | 127.00 | 128.00 | 119.00 | 2.714 times |
| 26 Fri Apr 2024 | 137.85 | 128.00 | 138.50 | 128.00 | 0.667 times |
| 18 Thu Apr 2024 | 128.00 | 124.50 | 131.00 | 124.00 | 0.583 times |
| 12 Fri Apr 2024 | 121.70 | 121.05 | 130.00 | 115.00 | 1.8 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 |
| 17 Fri May 2024 | 110.80 | 128.00 | 129.90 | 109.50 | 0.602 times |
| 29 Mon Apr 2024 | 127.95 | 121.55 | 138.50 | 115.00 | 0.843 times |
| 28 Thu Mar 2024 | 115.90 | 145.00 | 146.00 | 106.40 | 0.67 times |
| 29 Thu Feb 2024 | 155.00 | 145.10 | 155.00 | 121.55 | 1.462 times |
Price has moved down 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 Mcon Rasayan (MCON_SM)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 19, 34, 29 | Sell |
| MACD | -5, -3 | Sell |
| Stochastics | 8 | Sell |
| CCI | -127 | Sell |
| RSI | 42 | Sell |
| OBV | -48000 | Sell |
| VWAP | 123 | Sell |
| ADL | 0 | Sell |
| ROC | -17 | Sell |
| Force Index | 0 | Sell |
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 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 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 Mcon Rasayan ( (MCON_SM) ) 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 Mcon Rasayan stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.
MACD generated a SELL signal for Mcon Rasayan in short term and the sell signal is strong.
Mcon Rasayan 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 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 and selling is picking up momentum.
MRSI is in positive zone. This is a BUY zone
Stock of Mcon Rasayan is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 122.55 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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