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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 1000

Date Daily Closing Price Open High Low Volume
03 Fri Feb 2023 56.00 54.10 56.85 54.10 4.424 times
02 Thu Feb 2023 55.85 54.35 55.90 53.75 0.882 times
01 Wed Feb 2023 56.55 56.60 56.70 54.30 0.696 times
31 Tue Jan 2023 56.10 54.00 56.75 54.00 1.986 times
30 Mon Jan 2023 56.75 57.00 57.00 54.20 1.123 times
27 Fri Jan 2023 56.20 57.00 57.00 55.10 0.681 times
25 Wed Jan 2023 57.75 56.15 57.80 56.15 1.195 times
24 Tue Jan 2023 56.40 56.30 57.90 56.00 0.974 times
23 Mon Jan 2023 56.85 57.05 58.00 56.25 0.936 times
20 Fri Jan 2023 58.50 58.75 58.75 57.05 1.45 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, but trade for tomorrow is selective. Take a sell trade only if stock stays below 56.3, but if it comes above 56.3, then a intra day buy could be more profitable.
If you take a sell trade below 56.3, then use 56.3 as stoploss and 55.1 as target. However if you take a buy trade in stock , then use 56.3 as stoploss and 57.32 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 53.75
Upside Target 58.00
Upside Target 58.15
Upside Target 59.20
Upside Target 59.80
Upside Target 60.40
Upside Target 61.95
Upside Target 63.00
Upside Target 64.15

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 54.17
Downside Intraday Target 52.33
Upside Intraday Target 57.42
Upside Intraday Target 58.83
Downside Intraday Target 55.58

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
03 Fri Feb 2023 56.00 57.00 57.00 53.75 2.406 times
27 Fri Jan 2023 56.20 57.05 58.00 55.10 0.626 times
20 Fri Jan 2023 58.50 57.90 59.20 56.00 0.21 times
13 Fri Jan 2023 56.85 58.00 60.40 56.30 8.3 times
06 Fri Jan 2023 58.25 60.45 61.95 58.15 0.155 times

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Raj Oil (RajOil)

Date Monthly Closing Price Open High Low Volume
03 Fri Feb 2023 56.00 56.60 56.85 53.75 0.133 times
31 Tue Jan 2023 56.10 60.45 61.95 54.00 0.43 times
30 Fri Dec 2022 60.45 59.95 64.15 56.75 1.143 times
30 Wed Nov 2022 58.30 56.15 63.00 55.15 3.529 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 10, 14, 16 Sell
MACD -1, -1Sell
Stochastics 47None
CCI -63Buy
RSI 49Sell
OBV -8729Sell
VWAP 57Sell
ADL 0Sell
ROC -2Sell
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 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.

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 moving up

CCI has generated a buy signal for Raj Oil in short term but BUY signal is weak.

RSI is generating a SELL signal in short term and selling is picking up 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 56.58 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

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart

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