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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 2021-12-30 View latest technical analysis

10 day averaged volume of Raj Oil is 3261

Date Daily Closing Price Open High Low Volume
30 Thu Dec 2021 76.90 75.50 78.00 73.00 2.011 times
29 Wed Dec 2021 75.05 74.80 75.80 72.65 1.479 times
28 Tue Dec 2021 72.65 75.45 75.50 72.20 1.12 times
27 Mon Dec 2021 73.15 74.75 76.15 73.05 0.223 times
24 Fri Dec 2021 74.05 74.00 76.75 72.10 0.873 times
23 Thu Dec 2021 75.80 74.50 79.45 74.50 0.53 times
22 Wed Dec 2021 77.00 79.80 79.80 74.10 1.466 times
21 Tue Dec 2021 77.70 71.30 78.00 71.30 0.8 times
20 Mon Dec 2021 74.95 76.20 77.80 74.95 0.897 times
17 Fri Dec 2021 78.85 81.35 81.35 76.50 1.098 times

Stock of Raj Oil (RajOil) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bearish for shortterm, and stock might move down till 73.9 or till 70.4. Use a stoploss of 76.92 and if the stock hits stoploss, then it can shoot up till 79.9

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 55.45
Downside Target 64.20
Downside Target 70.20
Downside Target 76.35
Upside Target 79.80
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 73.4
Downside Intraday Target 69.9
Upside Intraday Target 79.2
Upside Intraday Target 81.5
Downside Intraday Target 75.7

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
30 Thu Dec 2021 76.90 74.75 78.00 72.20 1.058 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 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
30 Thu Dec 2021 76.90 71.25 86.80 71.25 0.819 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 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 19, 16, 7 Buy
MACD -3, -3Buy
Stochastics 32None
CCI 18Buy
RSI 61Buy
OBV 8455Sell
VWAP 76Buy
ADL 0Sell
ROC -3Sell
Force Index 0Sell

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 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 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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Raj Oil in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying 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 75.93 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 negative.

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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Daily chart

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