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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 5176

Date Daily Closing Price Open High Low Volume
23 Mon May 2022 68.10 68.00 70.50 67.30 0.826 times
20 Fri May 2022 70.20 69.05 71.45 66.70 0.43 times
19 Thu May 2022 68.45 72.05 72.05 68.45 1.297 times
18 Wed May 2022 72.05 73.70 74.45 71.35 1.339 times
17 Tue May 2022 72.30 72.90 74.00 71.60 0.472 times
16 Mon May 2022 72.10 68.50 72.35 68.50 0.789 times
13 Fri May 2022 68.95 67.55 68.95 67.00 0.81 times
12 Thu May 2022 65.70 67.15 69.15 65.70 1.123 times
11 Wed May 2022 69.15 72.90 73.50 68.55 0.618 times
10 Tue May 2022 71.60 76.00 76.00 71.00 1.212 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 67.9 as stoploss in an intra day buy trade for a target of 74.43. However, stock will show a bearish move below 67.9.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Downside Target 59.40
Downside Target 65.00
Upside Target 74.45
Upside Target 75.00
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 66.77
Downside Intraday Target 65.43
Upside Intraday Target 69.97
Upside Intraday Target 71.83
Upside Intraday Target 68.63

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
23 Mon May 2022 68.10 68.00 70.50 67.30 0.191 times
20 Fri May 2022 70.20 68.50 74.45 66.70 0.762 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

Price has moved down 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
23 Mon May 2022 68.10 84.90 86.00 65.70 0.271 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 21, 28, 16 Sell
MACD -2, -1Sell
Stochastics 31None
CCI -64Sell
RSI 57Buy
OBV -74297Sell
VWAP 70Sell
ADL 0Sell
ROC -7Sell
Force Index 0Sell

Price action analysis of Raj Oil ( (RajOil) ) 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 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 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 Raj Oil stock for short term is SELL. 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.

Raj Oil Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Raj Oil 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 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 69.75 and Raj Oil (RajOil) 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 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 negative.

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

Click here for Raj Oil charts

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Daily charts

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Daily chart

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