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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 7067

Date	Daily Closing Price	Open	High	Low	Volume
06 Tue Jun 2023	42.59	42.58	42.59	42.50	0.761 times
05 Mon Jun 2023	40.57	38.65	40.57	38.65	0.779 times
02 Fri Jun 2023	38.64	36.10	38.64	36.00	2.643 times
01 Thu Jun 2023	36.80	39.00	39.80	36.10	3.322 times
31 Wed May 2023	38.00	38.58	39.79	37.50	0.304 times
30 Tue May 2023	38.58	42.10	42.10	38.50	0.728 times
29 Mon May 2023	40.45	39.84	41.00	39.39	0.414 times
26 Fri May 2023	39.44	40.44	40.70	39.08	1.062 times
25 Thu May 2023	41.13	42.25	42.26	40.84	0.117 times
24 Wed May 2023	40.25	41.59	41.85	40.25	0.029 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 41.9, but if it comes below 41.9, then a intra day sell could be more profitable.
If you take a sell trade below 41.9, then use 41.9 as stoploss and 40.45 as target. However if you take a buy trade in stock , then use 41.9 as stoploss and 43.6 as target.

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	33.90
Downside Target	36.00
Downside Target	37.36
Downside Target	38.65
Downside Target	40.65
Downside Target	42.10
Upside Target	42.99
Upside Target	43.00
Upside Target	44.48
Upside Target	45.10
Upside Target	45.70
Upside Target	64.75

Intraday share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Intraday Target	39.96
Downside Intraday Target	37.34
Upside Intraday Target	43.9
Upside Intraday Target	45.22
Downside Intraday Target	41.28

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Tue Jun 2023	42.59	38.65	42.59	38.65	0.208 times
02 Fri Jun 2023	38.64	39.84	42.10	36.00	3.316 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

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
06 Tue Jun 2023	42.59	39.00	42.59	36.00	1.157 times
31 Wed May 2023	38.00	41.64	43.00	37.50	0.811 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

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)

Price action analysis of Raj Oil ( (RajOil) ) based on a short term time period is positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 BUY signal in short term and the buying is gaining 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 38.65 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.