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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 2022-10-04 View latest technical analysis

10 day averaged volume of Raj Oil is 1513

Date Daily Closing Price Open High Low Volume
04 Tue Oct 2022 58.00 58.65 58.65 57.50 0.174 times
03 Mon Oct 2022 57.30 57.30 58.40 57.30 0.112 times
30 Fri Sep 2022 57.45 59.00 59.00 57.30 0.472 times
29 Thu Sep 2022 57.70 57.75 59.50 57.70 0.494 times
28 Wed Sep 2022 58.20 58.05 59.70 58.05 0.257 times
27 Tue Sep 2022 58.75 59.00 60.85 58.00 1.467 times
26 Mon Sep 2022 59.55 58.10 59.85 58.10 0.939 times
23 Fri Sep 2022 58.50 60.00 60.00 58.15 1.362 times
22 Thu Sep 2022 59.55 59.60 60.90 59.15 1.555 times
21 Wed Sep 2022 60.00 59.70 60.30 59.55 1.304 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 58.1, but if it comes above 58.1, then a intra day buy could be more profitable.
If you take a sell trade below 58.1, then use 58.1 as stoploss and 55.9 as target. However if you take a buy trade in stock , then use 58.1 as stoploss and 60.01 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 57.10
Upside Target 60.85
Upside Target 60.95
Upside Target 61.05
Upside Target 62.95
Upside Target 64.15
Upside Target 65.90
Upside Target 67.45

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 57.32
Downside Intraday Target 56.63
Upside Intraday Target 58.67
Upside Intraday Target 59.33
Downside Intraday Target 57.98

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
04 Tue Oct 2022 58.00 57.30 58.65 57.30 0.079 times
30 Fri Sep 2022 57.45 58.10 60.85 57.30 0.452 times
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

Price has moved up 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
04 Tue Oct 2022 58.00 57.30 58.65 57.30 0.006 times
30 Fri Sep 2022 57.45 60.60 65.90 57.30 1.263 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

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 13, 11, 7 Buy
MACD -2, -2Sell
Stochastics 8Sell
CCI -74Buy
RSI 59Buy
OBV -13349Sell
VWAP 59Sell
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 gaining momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Raj Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Raj Oil in short term but BUY signal is weak.

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 58.96 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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