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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 1115

Date Daily Closing Price Open High Low Volume
07 Fri Oct 2022 57.40 58.85 58.85 57.30 2.003 times
06 Thu Oct 2022 57.60 57.45 59.40 57.45 0.725 times
04 Tue Oct 2022 58.00 58.65 58.65 57.50 0.236 times
03 Mon Oct 2022 57.30 57.30 58.40 57.30 0.152 times
30 Fri Sep 2022 57.45 59.00 59.00 57.30 0.64 times
29 Thu Sep 2022 57.70 57.75 59.50 57.70 0.67 times
28 Wed Sep 2022 58.20 58.05 59.70 58.05 0.349 times
27 Tue Sep 2022 58.75 59.00 60.85 58.00 1.99 times
26 Mon Sep 2022 59.55 58.10 59.85 58.10 1.274 times
23 Fri Sep 2022 58.50 60.00 60.00 58.15 1.848 times

Stock of Raj Oil (RajOil) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.9, but if it comes above 57.9, then a intra day buy could be more profitable.
If you take a sell trade below 57.9, then use 57.9 as stoploss and 56 as target. However if you take a buy trade in stock , then use 57.9 as stoploss and 59.39 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Upside Target 60.85
Upside Target 60.95
Upside Target 61.05
Upside Target 62.95
Upside Target 64.15
Upside Target 65.90
Upside Target 67.45

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 56.67
Downside Intraday Target 55.93
Upside Intraday Target 58.77
Upside Intraday Target 60.13
Upside Intraday Target 58.03

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
07 Fri Oct 2022 57.40 57.30 59.40 57.30 0.633 times
30 Fri Sep 2022 57.45 58.10 60.85 57.30 0.452 times
23 Fri Sep 2022 58.50 60.95 60.95 58.15 0.78 times
16 Fri Sep 2022 60.20 61.05 62.95 60.00 0.712 times
09 Fri Sep 2022 61.10 62.85 65.90 61.05 0.742 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
07 Fri Oct 2022 57.40 57.30 59.40 57.30 0.046 times
30 Fri Sep 2022 57.45 60.60 65.90 57.30 1.263 times
30 Tue Aug 2022 60.20 60.50 64.15 59.30 2.165 times
29 Fri Jul 2022 60.45 62.00 65.90 59.25 0.658 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 14, 10, 17 Buy
MACD -2, -2Sell
Stochastics 10Sell
CCI -75Sell
RSI 62Buy
OBV -22767Sell
VWAP 58Sell
ADL 0Sell
ROC -4Sell
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 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 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 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.

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 below 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 positive zone. This is a BUY zone

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

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 58.23 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

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Daily chart

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