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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)

10 day averaged volume of Raj Oil is 2513

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue May 2023	38.58	42.10	42.10	38.50	2.046 times
29 Mon May 2023	40.45	39.84	41.00	39.39	1.164 times
26 Fri May 2023	39.44	40.44	40.70	39.08	2.986 times
25 Thu May 2023	41.13	42.25	42.26	40.84	0.329 times
24 Wed May 2023	40.25	41.59	41.85	40.25	0.083 times
23 Tue May 2023	41.06	40.00	42.00	39.36	1.694 times
22 Mon May 2023	40.00	40.10	40.69	40.00	1.192 times
19 Fri May 2023	40.96	41.41	41.41	40.96	0.051 times
18 Thu May 2023	41.10	41.00	41.45	41.00	0.265 times
17 Wed May 2023	41.10	43.00	43.00	41.00	0.374 times

Stock of Raj Oil (RajOil) has showed a significant fall. This could be a good time to exit from this stock.

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 39.1, for a target of 40.1 or 41.04

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	33.90
Downside Target	37.36
Downside Target	38.50
Upside Target	40.35
Upside Target	42.10
Upside Target	43.00
Upside Target	44.48
Upside Target	45.10
Upside Target	45.70
Upside Target	54.00
Upside Target	61.95
Upside Target	64.75

Intraday share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Intraday Target	37.35
Downside Intraday Target	36.13
Upside Intraday Target	40.95
Upside Intraday Target	43.33
Upside Intraday Target	39.73

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue May 2023	38.58	39.84	42.10	38.50	0.511 times
26 Fri May 2023	39.44	40.10	42.26	39.08	2.107 times
19 Fri May 2023	40.96	41.77	43.00	40.96	1.26 times
12 Fri May 2023	41.70	41.25	42.99	40.65	0.931 times
05 Fri May 2023	41.58	41.64	42.70	40.35	1.689 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
30 Tue May 2023	38.58	41.64	43.00	38.50	0.773 times
28 Fri Apr 2023	40.84	39.20	44.48	37.36	0.245 times
31 Fri Mar 2023	38.65	43.00	45.70	33.90	4.03 times
27 Mon Feb 2023	45.10	56.60	64.75	45.10	1.266 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)

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.

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

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 39.89 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.