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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 2023-01-16 View latest technical analysis

10 day averaged volume of Raj Oil is 3232

Date	Daily Closing Price	Open	High	Low	Volume
16 Mon Jan 2023	57.35	57.90	57.90	56.00	0.498 times
13 Fri Jan 2023	56.85	58.45	58.45	56.30	0.077 times
12 Thu Jan 2023	58.25	60.05	60.05	57.00	6.137 times
11 Wed Jan 2023	60.00	57.65	60.40	57.65	2.458 times
10 Tue Jan 2023	57.65	58.80	58.80	57.50	0.083 times
09 Mon Jan 2023	58.00	58.00	58.25	57.80	0.169 times
06 Fri Jan 2023	58.25	60.05	60.05	58.15	0.189 times
05 Thu Jan 2023	59.90	59.80	59.95	58.30	0.18 times
04 Wed Jan 2023	59.30	59.10	61.95	59.10	0.228 times
03 Tue Jan 2023	59.95	59.50	60.00	59.05	0.266 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 57.4, but if it comes above 57.4, then a intra day buy could be more profitable.
If you take a sell trade below 57.4, then use 57.4 as stoploss and 55.7 as target. However if you take a buy trade in stock , then use 57.4 as stoploss and 58.83 as target.

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	54.75
Upside Target	59.80
Upside Target	60.40
Upside Target	60.45
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	56.27
Downside Intraday Target	55.18
Upside Intraday Target	58.17
Upside Intraday Target	58.98
Downside Intraday Target	57.08

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Mon Jan 2023	57.35	57.90	57.90	56.00	0.056 times
13 Fri Jan 2023	56.85	58.00	60.40	56.30	8.3 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

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
16 Mon Jan 2023	57.35	60.45	61.95	56.00	0.322 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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

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

Raj Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up

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 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 58.7 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.