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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 2022-11-04 View latest technical analysis

10 day averaged volume of Raj Oil is 2473

Date Daily Closing Price Open High Low Volume
04 Fri Nov 2022 57.80 58.95 58.95 57.05 0.157 times
03 Thu Nov 2022 58.15 56.65 58.50 56.65 3.834 times
02 Wed Nov 2022 56.85 58.40 58.40 55.15 1.472 times
01 Tue Nov 2022 57.00 56.15 57.50 56.15 0.722 times
31 Mon Oct 2022 56.80 59.00 59.00 56.80 0.901 times
28 Fri Oct 2022 57.50 58.00 58.50 57.50 0.306 times
27 Thu Oct 2022 56.50 57.05 58.65 56.50 0.514 times
25 Tue Oct 2022 58.60 57.10 59.80 57.00 0.576 times
24 Mon Oct 2022 57.40 57.05 59.40 57.05 0.216 times
21 Fri Oct 2022 58.50 58.50 58.50 57.00 0.787 times

My analysis of stock is bullish for shortterm, and stock might move up till 58.2 or till 59.2. Use a stoploss of 57.48 and if this stock hits its stoploss, then it can fall down till 56.72

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 54.75
Downside Target 56.50
Upside Target 58.95
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 55.63
Downside Intraday Target 53.47
Upside Intraday Target 59.48
Upside Intraday Target 61.17
Downside Intraday Target 57.32

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
04 Fri Nov 2022 57.80 59.00 59.00 55.15 4.397 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 up 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
04 Fri Nov 2022 57.80 56.15 58.95 55.15 0.586 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 9, 16, 29 Sell
MACD -1, -1Buy
Stochastics 53None
CCI 46Buy
RSI 59Buy
OBV -2492Sell
VWAP 58Buy
ADL 0Sell
ROC -1Sell
Force Index 0Sell

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 term time period is

Price action analysis of Raj Oil ( (RajOil) ) based on a short to mid 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 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 losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 coming down

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 positive zone. This is a BUY 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 57.66 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 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.

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Daily charts

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