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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 2022-09-23 View latest technical analysis

10 day averaged volume of Raj Oil is 2878

Date Daily Closing Price Open High Low Volume
23 Fri Sep 2022 58.50 60.00 60.00 58.15 0.716 times
22 Thu Sep 2022 59.55 59.60 60.90 59.15 0.818 times
21 Wed Sep 2022 60.00 59.70 60.30 59.55 0.686 times
20 Tue Sep 2022 60.40 60.00 60.70 59.60 1.07 times
19 Mon Sep 2022 60.15 60.95 60.95 59.55 0.932 times
16 Fri Sep 2022 60.20 60.20 61.55 60.00 0.382 times
15 Thu Sep 2022 61.15 62.20 62.95 60.10 1.833 times
14 Wed Sep 2022 62.00 61.85 62.25 60.80 1.41 times
13 Tue Sep 2022 61.05 62.45 62.45 60.80 0.83 times
12 Mon Sep 2022 61.70 61.05 61.85 60.80 0.959 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 58.1, for a target of 59.8 or 61.26

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Upside Target 62.50
Upside Target 62.95
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 57.45
Downside Intraday Target 56.4
Upside Intraday Target 60.25
Upside Intraday Target 62
Upside Intraday Target 59.2

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
23 Fri Sep 2022 58.50 60.95 60.95 58.15 0.78 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
23 Fri Sep 2022 58.50 60.60 65.90 58.15 1.172 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 16, 14, 7 Buy
MACD -1, -1Sell
Stochastics 8Sell
CCI -152Sell
RSI 55Buy
OBV -35025Sell
VWAP 61Sell
ADL 0Sell
ROC -4Sell
Force Index 0Sell

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 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 BUY. 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 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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 60.69 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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