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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 2022-11-21 View latest technical analysis

10 day averaged volume of Raj Oil is 4618

Date Daily Closing Price Open High Low Volume
21 Mon Nov 2022 59.85 58.00 59.95 57.85 0.983 times
18 Fri Nov 2022 59.65 59.50 61.75 59.00 0.184 times
17 Thu Nov 2022 60.20 60.50 63.00 60.15 0.84 times
16 Wed Nov 2022 62.00 58.60 62.70 58.60 1.948 times
15 Tue Nov 2022 59.75 57.90 59.75 56.90 3.209 times
14 Mon Nov 2022 56.95 57.35 59.95 56.50 0.788 times
11 Fri Nov 2022 57.35 57.50 60.00 56.85 0.938 times
10 Thu Nov 2022 59.00 58.50 59.80 57.50 0.19 times
09 Wed Nov 2022 58.60 58.35 60.00 56.90 1.414 times
07 Mon Nov 2022 58.45 58.60 58.60 57.05 0.406 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 59.7, but if it comes below 59.7, then a intra day sell could be more profitable.
If you take a sell trade below 59.7, then use 59.7 as stoploss and 58.35 as target. However if you take a buy trade in stock , then use 59.7 as stoploss and 61.4 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 54.75
Downside Target 56.50
Downside Target 59.80
Upside Target 59.95
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 58.48
Downside Intraday Target 57.12
Upside Intraday Target 60.58
Upside Intraday Target 61.32
Downside Intraday Target 59.22

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
21 Mon Nov 2022 59.85 58.00 59.95 57.85 0.141 times
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

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
21 Mon Nov 2022 59.85 56.15 63.00 55.15 2.513 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 14, 15, 3 Sell
MACD 0, 0Buy
Stochastics 52None
CCI 4Sell
RSI 56Buy
OBV 30322Sell
VWAP 60Buy
ADL 0Sell
ROC 4Buy
Force Index 0Sell

Price action analysis of Raj Oil ( (RajOil) ) based on a short 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.

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 sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

ADX buy sell signal for Raj Oil stock for short term is SELL. 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 moving up

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 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 59.57 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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