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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 2022-11-23 View latest technical analysis

10 day averaged volume of Raj Oil is 5435

Date Daily Closing Price Open High Low Volume
23 Wed Nov 2022 61.40 60.30 62.00 59.75 1.116 times
22 Tue Nov 2022 59.35 58.10 61.90 58.10 1.083 times
21 Mon Nov 2022 59.85 58.00 59.95 57.85 0.835 times
18 Fri Nov 2022 59.65 59.50 61.75 59.00 0.156 times
17 Thu Nov 2022 60.20 60.50 63.00 60.15 0.714 times
16 Wed Nov 2022 62.00 58.60 62.70 58.60 1.655 times
15 Tue Nov 2022 59.75 57.90 59.75 56.90 2.726 times
14 Mon Nov 2022 56.95 57.35 59.95 56.50 0.67 times
11 Fri Nov 2022 57.35 57.50 60.00 56.85 0.797 times
10 Thu Nov 2022 59.00 58.50 59.80 57.50 0.161 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 61.9, for a target of 60.1 or 58.59

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 54.75
Downside Target 56.50
Downside Target 59.80
Downside Target 60.00
Upside Target 62.00
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 58.83
Downside Intraday Target 56.27
Upside Intraday Target 62.98
Upside Intraday Target 64.57
Downside Intraday Target 60.42

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
23 Wed Nov 2022 61.40 58.00 62.00 57.85 0.513 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
23 Wed Nov 2022 61.40 56.15 63.00 55.15 2.97 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 18, 12, 21 Buy
MACD 1, 0Buy
Stochastics 57None
CCI 93Buy
RSI 59Buy
OBV 30505Sell
VWAP 60Buy
ADL 0Sell
ROC 5Buy
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 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 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 BUY. Signal strength is Strong and stock is gaining 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 stronger in this stock.

Ichimoku cloud is of green color and prices are above the green 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 59.91 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

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Daily charts

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