MCON_ST NEWS why is Mcon Rasayan India Ltd price falling or rising

MCON_ST NEWS reasons for why stock price of Mcon Rasayan India Ltd is falling or rising

MCON_ST Mcon Rasayan is falling or rising technical reasons

Technical analysis forecast for Mcon Rasayan Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Mcon Rasayan MCON_ST at this time. Stock is falling and might fall more.

It appears as if Mcon Rasayan MCON_ST gave a large move recently.

Stock of Mcon Rasayan (MCON_ST) is trading below an important moving average line, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...

My analysis of Mcon Rasayan is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Mcon Rasayan stays below 153.2, but if it comes above 153.2, then a intra day buy could be more profitable.
If you take a sell trade below 153.2, then use 153.2 as stoploss and 133.9 as target. However if you take a buy trade in Mcon Rasayan, then use 153.2 as stoploss and 169.26 as target.

MCON_ST Mcon Rasayan is falling or rising NEWS fundamental reasons

More announcements and NEWS

MCON_ST Mcon Rasayan India Ltd current price & indicator signals

Moving Averages for Mcon Rasayan India Ltd

  • 5Day Average: 154.88
  • 12Day Average: 165.19
  • 20Day Average: 175.58
  • 50Day Average: 182.36

MCON_ST Indicators & signals

Indicator MACD (12,26,9)

163.52, 170.7, -3.3
Indicator MACD is in negative zone

Indicator ADX (14)

3.69, 30.41, 28.25
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 61
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of MCON_ST Mcon Rasayan India Ltd are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
04 Fri Oct 2024 151.00 151.00 to 159.95 -0.92% 1.24 times
03 Thu Oct 2024 152.40 152.00 to 156.95 -2.9% 1.07 times
01 Tue Oct 2024 156.95 155.00 to 168.85 -2.42% 1.4 times
30 Mon Sep 2024 160.85 153.00 to 160.85 4.99% 0.66 times
27 Fri Sep 2024 153.20 150.05 to 153.20 -2.2% 1.07 times
26 Thu Sep 2024 156.65 155.20 to 168.15 -2.19% 2.23 times
25 Wed Sep 2024 160.15 159.10 to 166.80 -3.99% 0.66 times
24 Tue Sep 2024 166.80 166.60 to 183.75 -4.69% 1.32 times
23 Mon Sep 2024 175.00 172.00 to 175.00 -1.3% 0.5 times
19 Thu Sep 2024 177.30 177.00 to 180.00 -4.42% 0.83 times
18 Wed Sep 2024 185.50 185.00 to 190.00 -0.54% 0.25 times
17 Tue Sep 2024 186.50 186.00 to 186.55 0.21% 0.33 times

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