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

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

10 day averaged volume of Raj Oil is 9726

Date Daily Closing Price Open High Low Volume
17 Tue May 2022 72.30 72.90 74.00 71.60 0.251 times
16 Mon May 2022 72.10 68.50 72.35 68.50 0.42 times
13 Fri May 2022 68.95 67.55 68.95 67.00 0.431 times
12 Thu May 2022 65.70 67.15 69.15 65.70 0.597 times
11 Wed May 2022 69.15 72.90 73.50 68.55 0.329 times
10 Tue May 2022 71.60 76.00 76.00 71.00 0.645 times
09 Mon May 2022 73.15 69.85 73.30 67.10 1.017 times
06 Fri May 2022 69.85 76.70 76.70 69.75 1.551 times
05 Thu May 2022 73.40 78.80 78.80 72.75 1.166 times
04 Wed May 2022 75.70 80.90 80.90 75.65 1.639 times

My analysis of stock is bearish for shortterm, and stock might move down till 67.5 or till 59.5. Use a stoploss of 74.21 and if the stock hits stoploss, then it can shoot up till 80.92

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Downside Target 59.40
Downside Target 65.00
Downside Target 68.40
Upside Target 74.00
Upside Target 76.00
Upside Target 84.90
Upside Target 86.00
Upside Target 93.15
Upside Target 95.55

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 69.2
Downside Intraday Target 66.1
Upside Intraday Target 74.7
Upside Intraday Target 77.1
Downside Intraday Target 71.6

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
17 Tue May 2022 72.30 68.50 74.00 68.50 0.222 times
13 Fri May 2022 68.95 69.85 76.00 65.70 0.46 times
06 Fri May 2022 69.85 84.90 86.00 69.75 0.164 times
29 Fri Apr 2022 82.75 68.40 95.55 68.40 33.422 times
22 Fri Apr 2022 68.45 70.50 71.15 66.70 1.322 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 Raj Oil (RajOil)

Date Monthly Closing Price Open High Low Volume
17 Tue May 2022 72.30 84.90 86.00 65.70 0.225 times
29 Fri Apr 2022 82.75 65.20 95.55 65.00 1.212 times
31 Thu Mar 2022 65.25 60.00 93.15 59.40 3.668 times
28 Mon Feb 2022 62.00 73.50 75.00 57.10 0.898 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 Raj Oil (RajOil)

Indicator Name Indicator Value Indicator Signal
ADX 28, 27, 1 Buy
MACD -1, -0Sell
Stochastics 29Sell
CCI 26Buy
RSI 57Buy
OBV -64287Sell
VWAP 72Buy
ADL 0Sell
ROC -9Sell
Force Index 0Sell

Price action analysis of Raj Oil ( (RajOil) ) based on a short term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

Price action analysis of Raj Oil ( (RajOil) ) based on a short term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

Price action analysis of Raj Oil ( (RajOil) ) 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 Raj Oil ( (RajOil) ) based on a mid to longer term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

ADX buy sell signal for Raj Oil stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a SELL signal for Raj Oil in short term and the sell signal is strong.

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

Raj Oil 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 red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Raj Oil 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Raj Oil is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 71.92 and Raj Oil (RajOil) 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 Raj Oil (RajOil) stock. Volume based technical analysis of Raj Oil (RajOil) stock is negative.

Raj Oil Stock has given negative 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.

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Daily charts

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Daily chart

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