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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 2022-08-12 View latest technical analysis

10 day averaged volume of Raj Oil is 2607

Date Daily Closing Price Open High Low Volume
12 Fri Aug 2022 61.50 61.70 62.50 60.65 0.525 times
11 Thu Aug 2022 61.40 61.30 62.00 60.45 1.911 times
10 Wed Aug 2022 60.50 61.70 61.70 60.50 2.142 times
08 Mon Aug 2022 60.85 61.85 61.85 60.55 0.17 times
05 Fri Aug 2022 61.55 61.00 62.50 60.80 0.105 times
04 Thu Aug 2022 60.50 60.15 63.50 60.15 1.542 times
03 Wed Aug 2022 61.15 62.35 62.35 60.80 0.211 times
02 Tue Aug 2022 62.20 60.85 62.50 59.85 2.102 times
01 Mon Aug 2022 60.60 60.50 61.00 59.30 1.006 times
29 Fri Jul 2022 60.45 59.25 60.80 59.25 0.47 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 61.09. 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 62.50
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 60.47
Downside Intraday Target 59.43
Upside Intraday Target 62.52
Upside Intraday Target 63.53
Downside Intraday Target 61.48

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
12 Fri Aug 2022 61.50 61.85 62.50 60.45 0.956 times
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

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
12 Fri Aug 2022 61.50 60.50 63.50 59.30 0.91 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, 8, 33 Buy
MACD -1, -1Buy
Stochastics 44None
CCI 70Buy
RSI 49Sell
OBV 8124Sell
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 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 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 gaining 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 weakening, and bulls are picking up momentum!

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 and selling is picking up 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 61.11 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 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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