(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 2022-11-02 View latest technical analysis
10 day averaged volume of Raj Oil is 1271
| Date | Daily Closing Price | Open | High | Low | Volume |
| 02 Wed Nov 2022 | 56.85 | 58.40 | 58.40 | 55.15 | 2.865 times |
| 01 Tue Nov 2022 | 57.00 | 56.15 | 57.50 | 56.15 | 1.405 times |
| 31 Mon Oct 2022 | 56.80 | 59.00 | 59.00 | 56.80 | 1.753 times |
| 28 Fri Oct 2022 | 57.50 | 58.00 | 58.50 | 57.50 | 0.596 times |
| 27 Thu Oct 2022 | 56.50 | 57.05 | 58.65 | 56.50 | 1 times |
| 25 Tue Oct 2022 | 58.60 | 57.10 | 59.80 | 57.00 | 1.12 times |
| 24 Mon Oct 2022 | 57.40 | 57.05 | 59.40 | 57.05 | 0.42 times |
| 21 Fri Oct 2022 | 58.50 | 58.50 | 58.50 | 57.00 | 1.531 times |
| 20 Thu Oct 2022 | 58.50 | 59.25 | 59.25 | 57.50 | 1.308 times |
| 19 Wed Oct 2022 | 58.50 | 57.75 | 59.25 | 57.00 | 0.691 times |
Stock of Raj Oil (RajOil) has showed a significant fall. This could be a good time to exit from this stock.
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 56.7 as stoploss in an intra day buy trade for a target of 57.44. However, stock will show a bearish move below 56.7.
Share price targets for Raj Oil (RajOil)
| Target Type | Value |
| Downside Target | 54.75 |
| Downside Target | 56.50 |
| Upside Target | 59.25 |
| Upside Target | 59.30 |
| Upside Target | 59.40 |
| Upside Target | 59.80 |
| Upside Target | 64.15 |
| Upside Target | 65.90 |
Intraday share price targets for Raj Oil (RajOil)
| Target Type | Value |
| Downside Intraday Target | 55 |
| Downside Intraday Target | 53.15 |
| Upside Intraday Target | 58.85 |
| Upside Intraday Target | 60.85 |
| Upside Intraday Target | 57 |
Weekly technical analysis of Raj Oil (RajOil)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 02 Wed Nov 2022 | 56.85 | 59.00 | 59.00 | 55.15 | 1.92 times |
| 28 Fri Oct 2022 | 57.50 | 57.05 | 59.80 | 56.50 | 0.846 times |
| 21 Fri Oct 2022 | 58.50 | 56.55 | 59.25 | 56.55 | 0.402 times |
| 14 Fri Oct 2022 | 55.90 | 57.00 | 59.00 | 54.75 | 3.374 times |
| 07 Fri Oct 2022 | 57.40 | 57.30 | 59.40 | 57.30 | 0.633 times |
Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.
Monthly technical analysis of Raj Oil (RajOil)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 02 Wed Nov 2022 | 56.85 | 56.15 | 58.40 | 55.15 | 0.208 times |
| 31 Mon Oct 2022 | 56.80 | 57.30 | 59.80 | 54.75 | 0.343 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 |
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 | 8, 19, 44 | Sell |
| MACD | -1, -1 | Buy |
| Stochastics | 33 | None |
| CCI | -124 | Sell |
| RSI | 56 | Buy |
| OBV | -12468 | Sell |
| VWAP | 57 | Sell |
| ADL | 0 | Sell |
| ROC | -2 | Sell |
| Force Index | 0 | Sell |
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 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 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 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 SELL. 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.
Raj Oil Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 57.49 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 further forecast and predictions for tomorrow