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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 2022-06-24 View latest technical analysis

10 day averaged volume of Raj Oil is 1862

Date Daily Closing Price Open High Low Volume
24 Fri Jun 2022 59.15 60.15 61.80 59.00 0.793 times
23 Thu Jun 2022 60.05 60.20 60.75 59.00 0.772 times
22 Wed Jun 2022 59.40 58.80 60.25 58.05 0.16 times
21 Tue Jun 2022 58.80 59.00 59.45 57.10 1.277 times
20 Mon Jun 2022 59.65 59.50 60.85 58.20 1.111 times
17 Fri Jun 2022 60.85 61.40 61.40 60.60 0.855 times
16 Thu Jun 2022 60.50 63.00 63.65 60.20 2.4 times
15 Wed Jun 2022 62.40 62.90 63.95 61.30 0.353 times
14 Tue Jun 2022 61.75 60.80 62.50 60.60 1.301 times
13 Mon Jun 2022 61.50 62.95 63.00 60.90 0.934 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 60.2, but if it comes above 60.2, then a intra day buy could be more profitable.
If you take a sell trade below 60.2, then use 60.2 as stoploss and 57.8 as target. However if you take a buy trade in stock , then use 60.2 as stoploss and 62.09 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Upside Target 59.40
Upside Target 61.80
Upside Target 66.00
Upside Target 67.45
Upside Target 70.50
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 56.9
Downside Intraday Target 54.65
Upside Intraday Target 61.6
Upside Intraday Target 64.05
Upside Intraday Target 59.35

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
24 Fri Jun 2022 59.15 59.50 61.80 57.10 0.704 times
17 Fri Jun 2022 60.85 62.95 63.95 60.20 1.647 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

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
24 Fri Jun 2022 59.15 65.15 67.45 57.10 0.212 times
31 Tue May 2022 64.35 84.90 86.00 62.50 0.343 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 18, 23, 12 Sell
MACD -5, -5Sell
Stochastics 34None
CCI -34Buy
RSI 55Buy
OBV -26409Sell
VWAP 60Sell
ADL 0Sell
ROC -5Sell
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 SELL. 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.

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 buy signal for Raj Oil in short term but BUY signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 60.38 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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