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

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

Showing technical analysis as on 2024-08-27 View latest technical analysis

10 day averaged volume of Rainbow is 7879

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1240.55	1234.55	1250.00	1231.75	0.228 times
26 Mon Aug 2024	1233.75	1259.90	1259.90	1225.00	0.781 times
23 Fri Aug 2024	1235.70	1196.70	1258.80	1196.70	1.826 times
22 Thu Aug 2024	1213.05	1210.00	1218.05	1197.70	0.744 times
21 Wed Aug 2024	1209.25	1198.05	1211.50	1195.20	0.223 times
20 Tue Aug 2024	1201.05	1201.95	1215.95	1198.80	0.384 times
19 Mon Aug 2024	1201.90	1195.00	1209.05	1180.15	1.582 times
16 Fri Aug 2024	1197.30	1226.00	1226.00	1180.95	0.772 times
14 Wed Aug 2024	1221.50	1180.25	1226.10	1180.25	2.482 times
13 Tue Aug 2024	1203.00	1251.00	1251.00	1195.25	0.575 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 1226.9, but if it comes below 1226.9, then a intra day sell could be more profitable.
If you take a sell trade below 1226.9, then use 1226.9 as stoploss and 1206.51 as target. However if you take a buy trade in stock , then use 1226.9 as stoploss and 1251.4 as target.

Share price targets for Rainbow (Rainbow)

Target Type	Value
Downside Target	1079.25
Downside Target	1130.25
Downside Target	1155.00
Downside Target	1180.15
Downside Target	1205.00
Upside Target	1258.80
Upside Target	1259.90
Upside Target	1325.00
Upside Target	1359.95
Upside Target	1393.00
Upside Target	1649.00

Intraday share price targets for Rainbow (Rainbow)

Target Type	Value
Downside Intraday Target	1223.73
Downside Intraday Target	1206.92
Upside Intraday Target	1258.63
Upside Intraday Target	1276.72
Upside Intraday Target	1241.82

Weekly technical analysis of Rainbow (Rainbow)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1240.55	1259.90	1259.90	1225.00	0.212 times
23 Fri Aug 2024	1235.70	1195.00	1258.80	1180.15	1.067 times
16 Fri Aug 2024	1197.30	1235.00	1251.00	1180.25	0.841 times
09 Fri Aug 2024	1226.85	1130.25	1232.80	1130.25	0.945 times
02 Fri Aug 2024	1191.95	1199.95	1205.65	1155.00	0.286 times

Price has moved up this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.

Monthly technical analysis of Rainbow (Rainbow)

Date	Monthly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	1240.55	1185.00	1259.90	1130.25	0.373 times
31 Wed Jul 2024	1184.45	1270.95	1325.00	1079.25	2.225 times
28 Fri Jun 2024	1246.50	1310.10	1359.95	1220.45	0.519 times
31 Fri May 2024	1302.25	1385.00	1649.00	1205.00	2.313 times

Scroll below to view daily charts

Price has moved up 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 Rainbow (Rainbow)

Price action analysis of Rainbow ( (Rainbow) ) based on a short 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.

Price action analysis of Rainbow ( (Rainbow) ) based on a short to mid 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.

Price action analysis of Rainbow ( (Rainbow) ) 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 Rainbow stock for short term is BUY. Signal strength is Strong and stock is losing momentum.

MACD generated a BUY signal for Rainbow in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Rainbow Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Rainbow in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Rainbow is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 1217.61 and Rainbow (Rainbow) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is falling down

People seem to be coming out and selling the Rainbow (Rainbow) stock. Volume based technical analysis of Rainbow (Rainbow) stock is negative.

Rainbow Stock is giving positive returns over a short term period. Returns for a longer term period have been positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.