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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 2022-08-05 View latest technical analysis

10 day averaged volume of Raj Oil is 2042

Date Daily Closing Price Open High Low Volume
05 Fri Aug 2022 61.55 61.00 62.50 60.80 0.134 times
04 Thu Aug 2022 60.50 60.15 63.50 60.15 1.969 times
03 Wed Aug 2022 61.15 62.35 62.35 60.80 0.269 times
02 Tue Aug 2022 62.20 60.85 62.50 59.85 2.683 times
01 Mon Aug 2022 60.60 60.50 61.00 59.30 1.284 times
29 Fri Jul 2022 60.45 59.25 60.80 59.25 0.599 times
28 Thu Jul 2022 60.40 60.10 60.85 60.00 0.435 times
27 Wed Jul 2022 60.60 61.90 61.90 60.50 0.452 times
26 Tue Jul 2022 61.40 61.80 61.80 61.00 0.345 times
25 Mon Jul 2022 61.35 61.75 61.75 60.15 0.208 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 61.6 as stoploss in an intra day sell trade for a target of 61.03. However, stock will show a bullish move above 61.6.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Downside Target 59.25
Upside Target 61.90
Upside Target 63.50
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 59.4
Downside Intraday Target 57.25
Upside Intraday Target 63.6
Upside Intraday Target 65.65
Downside Intraday Target 61.45

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
05 Fri Aug 2022 61.55 60.50 63.50 59.30 3.109 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
05 Fri Aug 2022 61.55 60.50 63.50 59.30 0.465 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, 10, 28 Buy
MACD -1, -1Buy
Stochastics 47None
CCI 87Buy
RSI 49Sell
OBV 7689Sell
VWAP 61Buy
ADL 0Sell
ROC -0Sell
Force Index 0Sell

Price action analysis of Raj Oil ( (RajOil) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Raj Oil ( (RajOil) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Raj Oil ( (RajOil) ) based on a short to mid term time period is

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 Strong 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 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 61.15 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 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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