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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 2022-08-02 View latest technical analysis

10 day averaged volume of Raj Oil is 1468

Date Daily Closing Price Open High Low Volume
02 Tue Aug 2022 62.20 60.85 62.50 59.85 3.732 times
01 Mon Aug 2022 60.60 60.50 61.00 59.30 1.786 times
29 Fri Jul 2022 60.45 59.25 60.80 59.25 0.834 times
28 Thu Jul 2022 60.40 60.10 60.85 60.00 0.606 times
27 Wed Jul 2022 60.60 61.90 61.90 60.50 0.628 times
26 Tue Jul 2022 61.40 61.80 61.80 61.00 0.48 times
25 Mon Jul 2022 61.35 61.75 61.75 60.15 0.289 times
22 Fri Jul 2022 61.80 61.45 61.80 60.05 2.441 times
21 Thu Jul 2022 61.10 61.00 61.50 60.10 1.029 times
20 Wed Jul 2022 61.05 61.85 62.50 61.00 0.644 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 bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 61.8, but if it comes below 61.8, then a intra day sell could be more profitable.
If you take a sell trade below 61.8, then use 61.8 as stoploss and 61.14 as target. However if you take a buy trade in stock , then use 61.8 as stoploss and 62.5 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Downside Target 59.25
Downside Target 61.90
Upside Target 62.50
Upside Target 65.00
Upside Target 65.90
Upside Target 67.45
Upside Target 86.00
Upside Target 95.55

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 60.17
Downside Intraday Target 58.13
Upside Intraday Target 63.37
Upside Intraday Target 64.53
Downside Intraday Target 61.33

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
02 Tue Aug 2022 62.20 60.50 62.50 59.30 1.945 times
29 Fri Jul 2022 60.45 61.75 61.90 59.25 0.462 times
22 Fri Jul 2022 61.80 59.70 62.50 59.70 2.285 times
14 Thu Jul 2022 60.35 61.95 62.00 59.80 0.533 times
08 Fri Jul 2022 61.05 60.75 65.90 60.50 0.552 times

Price has moved up 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
02 Tue Aug 2022 62.20 60.50 62.50 59.30 0.291 times
29 Fri Jul 2022 60.45 62.00 65.90 59.25 0.658 times
30 Thu Jun 2022 61.80 65.15 67.45 57.10 0.301 times
31 Tue May 2022 64.35 84.90 86.00 62.50 0.318 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 17, 14, 10 Buy
MACD -1, -1Buy
Stochastics 56None
CCI 93Buy
RSI 48Sell
OBV 11166Sell
VWAP 61Buy
ADL 0Sell
ROC 2Buy
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 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 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. Bulls 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 moving up

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

RSI is generating a SELL signal in short term but selling 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 61.41 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 rising upwards.

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 is giving positive returns over a short term period. Returns for a longer term period have been positive

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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