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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 2022-06-14 View latest technical analysis

10 day averaged volume of Raj Oil is 1735

Date Daily Closing Price Open High Low Volume
14 Tue Jun 2022 61.75 60.80 62.50 60.60 1.396 times
13 Mon Jun 2022 61.50 62.95 63.00 60.90 1.003 times
10 Fri Jun 2022 62.35 63.00 64.00 62.10 0.899 times
09 Thu Jun 2022 63.00 62.95 64.90 62.60 0.568 times
08 Wed Jun 2022 63.25 64.25 64.25 63.20 0.085 times
07 Tue Jun 2022 63.45 64.70 64.75 62.65 0.514 times
06 Mon Jun 2022 64.35 67.45 67.45 63.65 1.742 times
03 Fri Jun 2022 64.75 63.55 64.95 63.55 1.361 times
02 Thu Jun 2022 64.15 63.55 64.45 63.50 0.826 times
01 Wed Jun 2022 63.55 65.15 65.20 63.50 1.896 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 62.4, but if it comes above 62.4, then a intra day buy could be more profitable.
If you take a sell trade below 62.4, then use 62.4 as stoploss and 59.1 as target. However if you take a buy trade in stock , then use 62.4 as stoploss and 65.09 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Downside Target 59.40
Downside Target 60.60
Upside Target 62.10
Upside Target 65.00
Upside Target 67.45
Upside Target 70.50
Upside Target 74.45
Upside Target 75.00
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 60.57
Downside Intraday Target 59.38
Upside Intraday Target 62.97
Upside Intraday Target 64.18
Upside Intraday Target 61.78

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
14 Tue Jun 2022 61.75 62.95 63.00 60.60 0.63 times
10 Fri Jun 2022 62.35 67.45 67.45 62.10 0.675 times
03 Fri Jun 2022 64.75 66.00 66.00 63.50 0.29 times
27 Fri May 2022 63.85 68.00 70.50 62.50 1.506 times
20 Fri May 2022 70.20 68.50 74.45 66.70 0.762 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
14 Tue Jun 2022 61.75 65.15 67.45 60.60 0.127 times
31 Tue May 2022 64.35 84.90 86.00 62.50 0.318 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

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 15, 26, 26 Sell
MACD -4, -4Sell
Stochastics 10Sell
CCI -148Sell
RSI 61Buy
OBV -44477Sell
VWAP 63Sell
ADL 0Sell
ROC -4Sell
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 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 SELL. Signal strength is Strong 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 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 63.31 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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