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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 2023-01-11 View latest technical analysis

10 day averaged volume of Raj Oil is 2339

Date	Daily Closing Price	Open	High	Low	Volume
11 Wed Jan 2023	60.00	57.65	60.40	57.65	3.396 times
10 Tue Jan 2023	57.65	58.80	58.80	57.50	0.115 times
09 Mon Jan 2023	58.00	58.00	58.25	57.80	0.234 times
06 Fri Jan 2023	58.25	60.05	60.05	58.15	0.262 times
05 Thu Jan 2023	59.90	59.80	59.95	58.30	0.249 times
04 Wed Jan 2023	59.30	59.10	61.95	59.10	0.315 times
03 Tue Jan 2023	59.95	59.50	60.00	59.05	0.368 times
02 Mon Jan 2023	59.40	60.45	61.00	59.25	0.293 times
30 Fri Dec 2022	60.45	59.00	60.45	57.50	6.78 times
29 Thu Dec 2022	57.65	58.80	58.80	57.55	0.247 times

Stock of Raj Oil (RajOil) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 60.7 as stoploss in an intra day sell trade for a target of 59.25. However, stock will show a bullish move above 60.7.

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	54.75
Downside Target	56.75
Downside Target	59.80
Upside Target	60.45
Upside Target	61.90
Upside Target	61.95
Upside Target	62.90
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	58.2
Downside Intraday Target	56.4
Upside Intraday Target	61.1
Upside Intraday Target	62.2
Downside Intraday Target	59.3

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
11 Wed Jan 2023	60.00	58.00	60.40	57.50	2.521 times
06 Fri Jan 2023	58.25	60.45	61.95	58.15	0.155 times
30 Fri Dec 2022	60.45	56.80	60.45	56.80	0.956 times
23 Fri Dec 2022	56.80	59.35	62.90	56.75	5.169 times
16 Fri Dec 2022	59.40	61.00	61.90	58.15	0.086 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
11 Wed Jan 2023	60.00	60.45	61.95	57.50	0.116 times
30 Fri Dec 2022	60.45	59.95	64.15	56.75	1.143 times
30 Wed Nov 2022	58.30	56.15	63.00	55.15	3.427 times
31 Mon Oct 2022	56.80	57.30	59.80	54.75	0.353 times

Scroll below to view daily charts

Price has moved down 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)

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

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

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 SELL signal for Raj Oil in short term and the sell signal is strong.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

Raj Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red 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 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 60.07 and Raj Oil (RajOil) stock is trading below this level. This means that stock is falling with high volumes. 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.