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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 2022-11-24 View latest technical analysis

10 day averaged volume of Raj Oil is 5388

Date Daily Closing Price Open High Low Volume
24 Thu Nov 2022 58.90 59.85 61.00 58.35 0.968 times
23 Wed Nov 2022 61.40 60.30 62.00 59.75 1.126 times
22 Tue Nov 2022 59.35 58.10 61.90 58.10 1.092 times
21 Mon Nov 2022 59.85 58.00 59.95 57.85 0.843 times
18 Fri Nov 2022 59.65 59.50 61.75 59.00 0.157 times
17 Thu Nov 2022 60.20 60.50 63.00 60.15 0.72 times
16 Wed Nov 2022 62.00 58.60 62.70 58.60 1.669 times
15 Tue Nov 2022 59.75 57.90 59.75 56.90 2.75 times
14 Mon Nov 2022 56.95 57.35 59.95 56.50 0.675 times
11 Fri Nov 2022 57.35 57.50 60.00 56.85 0.804 times

My analysis of stock is bullish for shortterm, and stock might move up till 60.1 or till 62. Use a stoploss of 58.6 and if this stock hits its stoploss, then it can fall down till 57.08

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 54.75
Downside Target 56.50
Upside Target 59.80
Upside 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 57.17
Downside Intraday Target 55.43
Upside Intraday Target 61.32
Upside Intraday Target 63.73
Upside Intraday Target 59.58

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
24 Thu Nov 2022 58.90 58.00 62.00 57.85 0.675 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 down 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
24 Thu Nov 2022 58.90 56.15 63.00 55.15 3.17 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, 16, 1 Buy
MACD 1, 0Buy
Stochastics 52None
CCI -16Sell
RSI 54Buy
OBV 25825Sell
VWAP 60Sell
ADL 0Sell
ROC -0Sell
Force Index 0Sell

Price action analysis of Raj Oil ( (RajOil) ) based on a short 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 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 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 Weak and stock is losing momentum.

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

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 in or below the green 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 but buying is losing 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 59.84 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 positive

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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