Rajesh Exports Limited (RAJESHEXPO) Stock - Complete Technical Analysis - Dec 18, 2024

RAJESHEXPO Stock: Downtrend Deepens

Disclaimer: This analysis is for informational purposes only and should not be considered financial advice. Investing in stocks involves risks, and it's essential to conduct thorough research or consult with a financial advisor before making investment decisions.

Rajesh Exports Limited (RAJESHEXPO), currently at 236.58, is trading considerably below its 52-week high, having recently tested its 52-week low. Recent price action clearly indicates a downtrend. The RSI at 44.13 suggests weakening momentum. The MACD is negative, confirming the downtrend. The ADX is low at 14.25, indicating a weak trend. The stock is trading below all key EMAs and SMAs (10, 20, 30, 50, 100, and 200-day), a bearish indicator. The Stochastic %K is neutral, and the Stochastic RSI is slightly positive. The Hull Moving Average is bearish. From a pivot point perspective, the price is below the classic pivot, suggesting selling pressure. The ATR indicates high volatility. In summary, RAJESHEXPO is in a downtrend. While the weak ADX suggests the downtrend is not strong, the stock trading below all key moving averages and the negative MACD are bearish signals. Traders should be cautious and look for stronger reversal signals before considering long positions. A decisive break above the 20-day EMA would be an early sign of a potential trend change.