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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 2022-09-19 View latest technical analysis

10 day averaged volume of Raj Oil is 3746

Date Daily Closing Price Open High Low Volume
19 Mon Sep 2022 60.15 60.95 60.95 59.55 0.716 times
16 Fri Sep 2022 60.20 60.20 61.55 60.00 0.293 times
15 Thu Sep 2022 61.15 62.20 62.95 60.10 1.408 times
14 Wed Sep 2022 62.00 61.85 62.25 60.80 1.084 times
13 Tue Sep 2022 61.05 62.45 62.45 60.80 0.637 times
12 Mon Sep 2022 61.70 61.05 61.85 60.80 0.737 times
09 Fri Sep 2022 61.10 62.90 62.90 61.05 0.829 times
08 Thu Sep 2022 62.90 64.55 65.90 62.75 1.637 times
07 Wed Sep 2022 64.60 63.95 65.00 62.25 1.325 times
06 Tue Sep 2022 63.55 62.10 63.95 62.05 0.377 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 60.4, but if it comes above 60.4, then a intra day buy could be more profitable.
If you take a sell trade below 60.4, then use 60.4 as stoploss and 58.9 as target. However if you take a buy trade in stock , then use 60.4 as stoploss and 61.56 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Downside Target 59.25
Upside Target 62.50
Upside Target 63.10
Upside Target 63.25
Upside Target 64.15
Upside Target 65.90
Upside Target 67.45
Upside Target 86.00

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 59.48
Downside Intraday Target 58.82
Upside Intraday Target 60.88
Upside Intraday Target 61.62
Upside Intraday Target 60.22

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
19 Mon Sep 2022 60.15 60.95 60.95 59.55 0.172 times
16 Fri Sep 2022 60.20 61.05 62.95 60.00 0.712 times
09 Fri Sep 2022 61.10 62.85 65.90 61.05 0.742 times
02 Fri Sep 2022 63.05 61.75 63.10 59.75 2.013 times
26 Fri Aug 2022 61.55 60.50 63.25 60.25 1.24 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
19 Mon Sep 2022 60.15 60.60 65.90 59.55 1.015 times
30 Tue Aug 2022 60.20 60.50 64.15 59.30 2.165 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

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, 12, 22 Buy
MACD -0, -0Sell
Stochastics 11Sell
CCI -112Sell
RSI 56Buy
OBV -29986Sell
VWAP 62Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

Price action analysis of Raj Oil ( (RajOil) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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 SELL signal for Raj Oil in short term and the sell signal is strong.

Raj Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Raj Oil in short term and SELL signal is strong!

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

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 62.1 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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