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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 2022-11-18 View latest technical analysis

10 day averaged volume of Raj Oil is 5482

Date Daily Closing Price Open High Low Volume
18 Fri Nov 2022 59.65 59.50 61.75 59.00 0.155 times
17 Thu Nov 2022 60.20 60.50 63.00 60.15 0.708 times
16 Wed Nov 2022 62.00 58.60 62.70 58.60 1.641 times
15 Tue Nov 2022 59.75 57.90 59.75 56.90 2.703 times
14 Mon Nov 2022 56.95 57.35 59.95 56.50 0.664 times
11 Fri Nov 2022 57.35 57.50 60.00 56.85 0.79 times
10 Thu Nov 2022 59.00 58.50 59.80 57.50 0.16 times
09 Wed Nov 2022 58.60 58.35 60.00 56.90 1.192 times
07 Mon Nov 2022 58.45 58.60 58.60 57.05 0.342 times
04 Fri Nov 2022 57.80 58.95 58.95 57.05 0.071 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 59.6, but if it comes below 59.6, then a intra day sell could be more profitable.
If you take a sell trade below 59.6, then use 59.6 as stoploss and 58.28 as target. However if you take a buy trade in stock , then use 59.6 as stoploss and 61.2 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 54.75
Downside Target 56.50
Downside Target 59.00
Upside Target 59.80
Upside Target 60.00
Upside Target 63.00
Upside Target 64.15
Upside Target 65.90

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 56.43
Downside Intraday Target 53.22
Upside Intraday Target 62.93
Upside Intraday Target 66.22
Upside Intraday Target 59.72

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
18 Fri Nov 2022 59.65 57.35 63.00 56.50 2.364 times
11 Fri Nov 2022 57.35 58.60 60.00 56.85 0.777 times
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

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
18 Fri Nov 2022 59.65 56.15 63.00 55.15 2.339 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, and volume has increased substantially. This means that the move can continue in coming months.

Indicators analysis of Raj Oil (RajOil)

Indicator Name Indicator Value Indicator Signal
ADX 16, 11, 15 Buy
MACD 0, -0Buy
Stochastics 65None
CCI 70Sell
RSI 58Buy
OBV 26660Sell
VWAP 60Buy
ADL 0Sell
ROC 3Buy
Force Index 0Sell

Price action analysis of Raj Oil ( (RajOil) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Raj Oil ( (RajOil) ) based on a short term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Raj Oil ( (RajOil) ) based on a short to mid term time period is definitely positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Raj Oil ( (RajOil) ) based on a mid to longer term time period is negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Raj Oil stock for short term is BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Raj Oil in short term and the buy signal is strong.

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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

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

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 59.53 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.

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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