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(NirajCement) Niraj Cement complete technical analysis [charts+indicators] | Buy/Sell Niraj Cement | (NirajCement) share price targets

Complete technical analysis of Niraj Cement (NirajCement) by charts plus indicators, forecast predictions and share price targets for Niraj Cement (NirajCement)

Showing technical analysis as on 2024-02-23 View latest technical analysis

10 day averaged volume of Niraj Cement is 7017

Date	Daily Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	49.67	50.90	50.90	49.01	2.193 times
22 Thu Feb 2024	50.54	50.99	51.85	48.65	1.511 times
21 Wed Feb 2024	50.99	50.70	51.79	50.00	0.35 times
20 Tue Feb 2024	50.66	51.30	51.66	49.10	0.615 times
19 Mon Feb 2024	51.17	52.00	52.80	50.57	1.841 times
16 Fri Feb 2024	53.23	52.85	54.00	51.90	0.976 times
15 Thu Feb 2024	53.93	52.10	54.00	52.00	1.368 times
14 Wed Feb 2024	51.92	51.02	52.65	48.50	0.84 times
13 Tue Feb 2024	51.01	52.00	52.97	48.50	0.348 times
12 Mon Feb 2024	50.80	50.80	53.56	50.80	0.466 times

Stock of Niraj Cement (NirajCement) 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 50.8, but if it comes above 50.8, then a intra day buy could be more profitable.
If you take a sell trade below 50.8, then use 50.8 as stoploss and 46 as target. However if you take a buy trade in stock , then use 50.8 as stoploss and 54.81 as target.

Share price targets for Niraj Cement (NirajCement)

Target Type	Value
Downside Target	34.00
Downside Target	35.95
Downside Target	40.00
Downside Target	43.30
Downside Target	46.00
Downside Target	47.95
Upside Target	52.80
Upside Target	54.04
Upside Target	56.00
Upside Target	61.49
Upside Target	64.24
Upside Target	64.50

Intraday share price targets for Niraj Cement (NirajCement)

Target Type	Value
Downside Intraday Target	47.95
Downside Intraday Target	46.22
Upside Intraday Target	52.1
Upside Intraday Target	54.52
Upside Intraday Target	50.37

Weekly technical analysis of Niraj Cement (NirajCement)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	49.67	52.00	52.80	48.65	1.628 times
16 Fri Feb 2024	53.23	50.80	54.00	48.50	0.152 times
09 Fri Feb 2024	53.11	60.22	64.50	52.95	0.401 times
02 Fri Feb 2024	61.23	55.43	64.24	54.04	1.444 times
25 Thu Jan 2024	54.30	48.06	56.00	46.00	1.244 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 Niraj Cement (NirajCement)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Fri Feb 2024	49.67	60.37	64.50	48.50	0.23 times
31 Wed Jan 2024	60.47	43.65	61.49	43.30	3.184 times
29 Fri Dec 2023	43.76	44.23	48.49	40.00	0.879 times
30 Thu Nov 2023	43.76	38.00	47.95	35.95	2.721 times

Scroll below to view daily charts

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 Niraj Cement (NirajCement)

Price action analysis of Niraj Cement ( (NirajCement) ) 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 Niraj Cement ( (NirajCement) ) 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 Niraj Cement ( (NirajCement) ) 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 Niraj Cement ( (NirajCement) ) 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 Niraj Cement stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

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

Niraj Cement 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 coming down

CCI has generated a SELL signal for Niraj Cement in short term and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 Niraj Cement is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 51.32 and Niraj Cement (NirajCement) 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 Niraj Cement (NirajCement) stock. Volume based technical analysis of Niraj Cement (NirajCement) stock is negative.

Niraj Cement 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.