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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 2023-01-17 View latest technical analysis

10 day averaged volume of Raj Oil is 3324

Date	Daily Closing Price	Open	High	Low	Volume
17 Tue Jan 2023	58.00	56.85	59.20	56.85	0.333 times
16 Mon Jan 2023	57.35	57.90	57.90	56.00	0.484 times
13 Fri Jan 2023	56.85	58.45	58.45	56.30	0.075 times
12 Thu Jan 2023	58.25	60.05	60.05	57.00	5.967 times
11 Wed Jan 2023	60.00	57.65	60.40	57.65	2.39 times
10 Tue Jan 2023	57.65	58.80	58.80	57.50	0.081 times
09 Mon Jan 2023	58.00	58.00	58.25	57.80	0.165 times
06 Fri Jan 2023	58.25	60.05	60.05	58.15	0.184 times
05 Thu Jan 2023	59.90	59.80	59.95	58.30	0.175 times
04 Wed Jan 2023	59.30	59.10	61.95	59.10	0.221 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 57.4 as stoploss in an intra day buy trade for a target of 58.63. However, stock will show a bearish move below 57.4.

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	54.53
Upside Intraday Target	59.47
Upside Intraday Target	60.93
Downside Intraday Target	57.73

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
17 Tue Jan 2023	58.00	57.90	59.20	56.00	0.094 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
17 Tue Jan 2023	58.00	60.45	61.95	56.00	0.333 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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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.

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 below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Raj Oil in short term but BUY signal is weak.

RSI is generating a BUY signal in short term but buying is losing 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 58.65 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.