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Price and trend forecast of RAJESHEXPO for Tomorrow, Weekly, Monthly

Rajesh Exports Limited

Symbol: NSE:RAJESHEXPO

ISIN: INE343B01030

287.25

As on 2024-06-13

261.00 (52W Low) 669.30 (52W High)

RAJESHEXPO's Today's Performance

Rajesh Exports Limited started the day by opening at 286.00 today 2024-06-13. Its shares reached a high of 288.75 and dipped to a low of 284.75 in intraday. When the markets closed, RAJESHEXPO’s stock price settled at ₹287.25 per share. Also check out its key support and resistance levels.

RAJESHEXPO Buy/Sell Targets

Tomorrow, buy RAJESHEXPO when its price reaches ₹ 287.25 with a stop-loss order at ₹ 285.18. You can set the target price as ₹ 289.32 to capture potential gains. This buy position balances the risks and rewards evenly, aiming for a 1:1 risk-reward ratio.

In the sections below, we will discuss detailed share price target of RAJESHEXPO for tomorrow's session along with weekly levels. Please note that these share targets analysis is only valid for tomorrow and the current trading week and month.

Important Down levels for RAJESHEXPO

Downside Targets Value in ₹
Tomorrow Down Target 1 289
Tomorrow Down Target 2 291
Tomorrow Down Target 3 293

Important Levels for RAJESHEXPO

Holding Levels Value in ₹
Tomorrow Up Target 1 285
Tomorrow Up Target 2 283
Tomorrow Up Target 3 281
Based on where the stock opens tomorrow, if RAJESHEXPO opens on a positive note, our first target will be ₹289. If Target 1 is achieved, we will aim for Target 2 which is ₹291.

But if RAJESHEXPO falls below the average value of ₹286.92, you can enter a sell side position with target number 1 - ₹285 and second target - ₹283 This average value also act as support and resistance level. When the stock is trading above the average, it will act like support area. Another important thing is, stocks usually get back to this average value when the price trades too far from avg. In simpler words we can consider the average price as a magnet.

Daily Volume chart of RAJESHEXPO

Looking at RAJESHEXPO, we've seen a Decreasing trend in its trading volume over the past week, which really tells us how active traders have been with this stock.

In terms of its price, RAJESHEXPO has been on a Upward path, giving us insights how its value changes in the market.

Based on this, the predicted sentiment for RAJESHEXPO is moderate bullish.

Tomorrow's Volume based share price Forecast for RAJESHEXPO

RAJESHEXPO's Volume is currently in a Decreasing trend, and Price is in a Upward direction. Therefore, we can say the stock is in a moderate bullish trend. Volume trend strength over the last month compared to the last week is 17%.

Reversal detection for RAJESHEXPO

Predicted trend chart of RAJESHEXPO tomorrow for price forecast
RAJESHEXPO may trend may continue to be bullish since stock is making higher highs and we can get target of ₹287 in morning tomorrow
Target 1 tomorrow288
Target 2 tomorrow289
Target 3 tomorrow291
 

Investferry’s trend analysis method detects short term overbought and oversold situations to identify reversal in stocks. Use this as reference for short term counter trend trades.

Combine this trend forecast with RAJESHEXPO's tomorrow's target prediction and you will have a base for what can be done in the upcoming trading session.

Based on where the stock opens tomorrow, if RAJESHEXPO opens on a positive note, our first target will be ₹289.08. If Target 1 is achieved, we will aim for Target 2 which is ₹290.92.

But if RAJESHEXPO falls below the average value of ₹286.92, you can enter a sell side position with target number 1 - ₹285.08 and second target - ₹282.92

RAJESHEXPO's Weekly Targets
1st Up Target 290.80
2nd Up Target 294.35
1st Down Target 282.25
2nd Down Target 277.25

As the week for RAJESHEXPO ended on bullish sentiments, we can expect further continuation of this sentiment. RAJESHEXPO's initial target will be 290.80 for the coming week if it continues to trade higher. But if it fails, we can see lower targets of 282.25 in the upcoming week.

Weekly OHLC Values
Open 283.00
High 289.35
Low 280.80
Close 287.25

Week for RAJESHEXPO started with an open price of 283.00, and the close was at 287.25. RAJESHEXPO reached the highest of 289.35 and dipped lowest up to 280.80 last week. This indicates a bullish sentiment for the week.

RAJESHEXPO full month swing targets
Monthly Up Target 1 299.35
Monthly Up Target 2 302.90
Monthly Down Target 1 273.70
Monthly Down Target 2 260.15

Targets of ₹299.35 can be expected to be reached in the coming month. Once RAJESHEXPO achieved this target, we can aim for the next upside target of ₹302.90.

RAJESHEXPO if fails to hold upside, down targets of ₹273.70 and ₹260.15 can be achieved by end of this month.

For complete three weeks if RAJESHEXPO is bullish, the stock may decline in the last week on the month as traders usually close their positions. So in this case, you should aim for weekly support level which will act as targets here.

Related Stocks in the Same Sector as RAJESHEXPO

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TATAMOTORS Tata Motors Limited Auto Manufacturers
TITAN Titan Company Limited Luxury Goods
BAJAJ-AUTO Bajaj Auto Limited Auto Manufacturers

Summary

RAJESHEXPO is expected to reach the target of 289.08 in tomorrow's trading session.

After achieving the initial target in RAJESHEXPO, we will aim for higher targets of 290.92 tomorrow.

However, if RAJESHEXPO starts to trade below ₹286.92, then we will shift our focus to the sell side and aim for down targets of 285.08 and 282.92.