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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 4615

Date Daily Closing Price Open High Low Volume
24 Tue May 2022 67.15 68.15 68.75 67.05 0.296 times
23 Mon May 2022 68.10 68.00 70.50 67.30 0.926 times
20 Fri May 2022 70.20 69.05 71.45 66.70 0.482 times
19 Thu May 2022 68.45 72.05 72.05 68.45 1.454 times
18 Wed May 2022 72.05 73.70 74.45 71.35 1.502 times
17 Tue May 2022 72.30 72.90 74.00 71.60 0.529 times
16 Mon May 2022 72.10 68.50 72.35 68.50 0.885 times
13 Fri May 2022 68.95 67.55 68.95 67.00 0.909 times
12 Thu May 2022 65.70 67.15 69.15 65.70 1.259 times
11 Wed May 2022 69.15 72.90 73.50 68.55 0.693 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 67.3, but if it comes above 67.3, then a intra day buy could be more profitable.
If you take a sell trade below 67.3, then use 67.3 as stoploss and 59.2 as target. However if you take a buy trade in stock , then use 67.3 as stoploss and 74.02 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Downside Target 59.40
Downside Target 65.00
Upside Target 68.40
Upside Target 74.45
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 65.97
Downside Intraday Target 64.78
Upside Intraday Target 69.42
Upside Intraday Target 71.68
Upside Intraday Target 68.23

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
24 Tue May 2022 67.15 68.00 70.50 67.05 0.252 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
24 Tue May 2022 67.15 84.90 86.00 65.70 0.274 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 20, 28, 17 Sell
MACD -2, -1Sell
Stochastics 28Sell
CCI -89Sell
RSI 58Buy
OBV -71855Sell
VWAP 69Sell
ADL 0Sell
ROC -6Sell
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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 gaining momentum.

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

Raj Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 69.38 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

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart

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