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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)

Showing technical analysis as on 2021-12-28 View latest technical analysis

10 day averaged volume of Raj Oil is 3467

Date Daily Closing Price Open High Low Volume
28 Tue Dec 2021 72.65 75.45 75.50 72.20 1.053 times
27 Mon Dec 2021 73.15 74.75 76.15 73.05 0.21 times
24 Fri Dec 2021 74.05 74.00 76.75 72.10 0.821 times
23 Thu Dec 2021 75.80 74.50 79.45 74.50 0.499 times
22 Wed Dec 2021 77.00 79.80 79.80 74.10 1.379 times
21 Tue Dec 2021 77.70 71.30 78.00 71.30 0.753 times
20 Mon Dec 2021 74.95 76.20 77.80 74.95 0.844 times
17 Fri Dec 2021 78.85 81.35 81.35 76.50 1.033 times
16 Thu Dec 2021 79.25 82.95 84.35 78.20 1.422 times
15 Wed Dec 2021 81.20 81.05 82.05 80.00 1.109 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 73.7, but if it comes above 73.7, then a intra day buy could be more profitable.
If you take a sell trade below 73.7, then use 73.7 as stoploss and 70 as target. However if you take a buy trade in stock , then use 73.7 as stoploss and 76.74 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 55.45
Downside Target 64.20
Downside Target 70.20
Upside Target 76.15
Upside Target 79.05
Upside Target 80.40
Upside Target 84.95
Upside Target 86.80
Upside Target 90.00
Upside Target 105.85
Upside Target 150.85

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 71.18
Downside Intraday Target 69.72
Upside Intraday Target 75.13
Upside Intraday Target 77.62
Upside Intraday Target 73.67

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
28 Tue Dec 2021 72.65 74.75 76.15 72.20 0.294 times
24 Fri Dec 2021 74.05 76.20 79.80 71.30 0.472 times
17 Fri Dec 2021 78.85 83.60 86.80 76.50 1.46 times
10 Fri Dec 2021 79.70 73.50 80.40 73.00 1.83 times
03 Fri Dec 2021 74.70 73.55 76.35 70.20 0.556 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
28 Tue Dec 2021 72.65 71.25 86.80 71.25 0.713 times
30 Tue Nov 2021 74.00 83.00 90.00 70.20 0.48 times
29 Fri Oct 2021 82.40 93.85 105.85 79.05 0.169 times
30 Thu Sep 2021 93.60 80.00 150.85 64.20 2.696 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 16, 20, 12 Sell
MACD -4, -3Sell
Stochastics 13Sell
CCI -105Sell
RSI 61Buy
OBV -1112Sell
VWAP 77Sell
ADL 0Sell
ROC -12Sell
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 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

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 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 77.02 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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