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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 2023-03-20 View latest technical analysis

10 day averaged volume of Raj Oil is 11936

Date	Daily Closing Price	Open	High	Low	Volume
20 Mon Mar 2023	36.00	33.90	36.45	33.90	1.709 times
17 Fri Mar 2023	34.72	35.51	35.55	34.17	3.069 times
16 Thu Mar 2023	35.96	35.76	36.64	35.25	0.552 times
15 Wed Mar 2023	36.49	36.98	37.25	34.11	0.804 times
14 Tue Mar 2023	35.86	36.76	36.81	35.86	0.235 times
13 Mon Mar 2023	37.74	39.80	39.80	37.74	0.54 times
10 Fri Mar 2023	39.72	38.51	40.74	38.51	0.151 times
09 Thu Mar 2023	40.01	38.98	40.85	38.01	1.037 times
08 Wed Mar 2023	38.91	38.50	38.98	37.00	0.807 times
06 Mon Mar 2023	37.13	36.75	40.40	36.75	1.363 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 34.9 as stoploss in an intra day buy trade for a target of 43.24. However, stock will show a bearish move below 34.9.

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	33.90
Upside Target	36.45
Upside Target	38.68
Upside Target	39.80
Upside Target	40.85
Upside Target	43.00
Upside Target	45.10
Upside Target	47.45
Upside Target	54.00
Upside Target	55.15
Upside Target	56.75
Upside Target	61.95
Upside Target	63.00
Upside Target	64.15
Upside Target	64.75

Intraday share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Intraday Target	34.45
Downside Intraday Target	32.9
Upside Intraday Target	37
Upside Intraday Target	38
Downside Intraday Target	35.45

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
20 Mon Mar 2023	36.00	33.90	36.45	33.90	0.329 times
17 Fri Mar 2023	34.72	39.80	39.80	34.11	1.549 times
10 Fri Mar 2023	39.72	36.75	40.85	36.75	2.059 times
03 Fri Mar 2023	38.68	45.10	45.10	38.68	5.129 times
20 Mon Feb 2023	47.45	47.45	47.45	47.45	0.553 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
20 Mon Mar 2023	36.00	43.00	43.00	33.90	2.478 times
27 Mon Feb 2023	45.10	56.60	64.75	45.10	1.266 times
31 Tue Jan 2023	56.10	60.45	61.95	54.00	0.43 times
30 Fri Dec 2022	60.45	59.95	64.15	56.75	1.143 times

Scroll below to view daily charts

Price has moved down this month, and volume has increased substantially. This means that the move can 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 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 SELL. Signal strength is Strong and stock is losing 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 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 SELL signal in short term and selling is picking up 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 36.58 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.