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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 2655

Date Daily Closing Price Open High Low Volume
16 Tue Aug 2022 61.00 60.55 62.25 60.15 1.186 times
12 Fri Aug 2022 61.50 61.70 62.50 60.65 0.516 times
11 Thu Aug 2022 61.40 61.30 62.00 60.45 1.876 times
10 Wed Aug 2022 60.50 61.70 61.70 60.50 2.103 times
08 Mon Aug 2022 60.85 61.85 61.85 60.55 0.166 times
05 Fri Aug 2022 61.55 61.00 62.50 60.80 0.103 times
04 Thu Aug 2022 60.50 60.15 63.50 60.15 1.515 times
03 Wed Aug 2022 61.15 62.35 62.35 60.80 0.207 times
02 Tue Aug 2022 62.20 60.85 62.50 59.85 2.064 times
01 Mon Aug 2022 60.60 60.50 61.00 59.30 0.988 times

My analysis of stock is bearish for shortterm, and stock might move down till 60.6 or till 60. Use a stoploss of 61.12 and if the stock hits stoploss, then it can shoot up till 61.64

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Downside Target 59.25
Upside Target 61.90
Upside Target 62.50
Upside Target 63.50
Upside Target 65.00
Upside Target 65.90
Upside Target 67.45
Upside Target 86.00
Upside Target 95.55

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 60.02
Downside Intraday Target 59.03
Upside Intraday Target 62.12
Upside Intraday Target 63.23
Upside Intraday Target 61.13

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
16 Tue Aug 2022 61.00 60.55 62.25 60.15 0.254 times
12 Fri Aug 2022 61.50 61.85 62.50 60.45 0.956 times
05 Fri Aug 2022 61.55 60.50 63.50 59.30 3.109 times
30 Sat Jul 2022 60.45 61.75 61.90 59.25 0.462 times
22 Fri Jul 2022 61.80 59.70 62.50 59.70 2.285 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
16 Tue Aug 2022 61.00 60.50 63.50 59.30 1.023 times
30 Sat Jul 2022 60.45 62.00 65.90 59.25 0.658 times
30 Thu Jun 2022 61.80 65.15 67.45 57.10 0.278 times
31 Tue May 2022 64.35 84.90 86.00 62.50 0.343 times

Scroll below to view daily charts

Price has moved up 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 15, 10, 17 Buy
MACD -1, -1Buy
Stochastics 48None
CCI -20Sell
RSI 50Sell
OBV 4583Sell
VWAP 61Sell
ADL 0Sell
ROC 1Buy
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 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 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 BUY signal for Raj Oil in short term but the buy signal is initial and weak.

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 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 SELL signal in short term but selling 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 61.13 and Raj Oil (RajOil) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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 is giving positive 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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