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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 7826

Date Daily Closing Price Open High Low Volume
18 Wed May 2022 72.05 73.70 74.45 71.35 0.886 times
17 Tue May 2022 72.30 72.90 74.00 71.60 0.312 times
16 Mon May 2022 72.10 68.50 72.35 68.50 0.522 times
13 Fri May 2022 68.95 67.55 68.95 67.00 0.536 times
12 Thu May 2022 65.70 67.15 69.15 65.70 0.743 times
11 Wed May 2022 69.15 72.90 73.50 68.55 0.409 times
10 Tue May 2022 71.60 76.00 76.00 71.00 0.802 times
09 Mon May 2022 73.15 69.85 73.30 67.10 1.264 times
06 Fri May 2022 69.85 76.70 76.70 69.75 1.927 times
05 Thu May 2022 73.40 78.80 78.80 72.75 1.449 times

My analysis of stock is bearish for shortterm, and stock might move down till 67.8 or till 59.8. Use a stoploss of 74.37 and if the stock hits stoploss, then it can shoot up till 80.98

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 74.45
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 68.88
Downside Intraday Target 65.72
Upside Intraday Target 74.83
Upside Intraday Target 77.62
Downside Intraday Target 71.67

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
18 Wed May 2022 72.05 68.50 74.45 68.50 0.458 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
18 Wed May 2022 72.05 84.90 86.00 65.70 0.241 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 27, 26, 2 Buy
MACD -1, -0Sell
Stochastics 41None
CCI 51Sell
RSI 59Buy
OBV -69035Sell
VWAP 71Buy
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Raj Oil ( (RajOil) ) based on a short 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.

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 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

ADX buy sell signal for Raj Oil stock for short term is BUY. 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.

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

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 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 coming down

CCI has generated a SELL signal for Raj Oil in short term but SELL signal is weak.

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 71.07 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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