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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 2023-03-28 View latest technical analysis

10 day averaged volume of Raj Oil is 15019

Date	Daily Closing Price	Open	High	Low	Volume
28 Tue Mar 2023	41.32	42.31	44.65	41.32	0.256 times
27 Mon Mar 2023	43.48	45.70	45.70	42.31	0.727 times
24 Fri Mar 2023	43.55	43.70	43.75	43.00	1.068 times
23 Thu Mar 2023	41.67	41.67	41.67	40.31	0.492 times
22 Wed Mar 2023	39.69	39.45	39.69	38.80	0.463 times
21 Tue Mar 2023	37.80	37.80	37.80	36.70	2.189 times
20 Mon Mar 2023	36.00	33.90	36.45	33.90	1.358 times
17 Fri Mar 2023	34.72	35.51	35.55	34.17	2.439 times
16 Thu Mar 2023	35.96	35.76	36.64	35.25	0.439 times
15 Wed Mar 2023	36.49	36.98	37.25	34.11	0.639 times

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 42.3 as stoploss in an intra day sell trade for a target of 39.37. However, stock will show a bullish move above 42.3.

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	33.90
Downside Target	36.75
Downside Target	38.68
Downside Target	39.80
Downside Target	40.85
Upside Target	43.75
Upside Target	45.10
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	39.86
Downside Intraday Target	38.4
Upside Intraday Target	44.24
Upside Intraday Target	47.16
Upside Intraday Target	42.78

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Tue Mar 2023	41.32	45.70	45.70	41.32	0.176 times
24 Fri Mar 2023	43.55	33.90	43.75	33.90	1.348 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

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
28 Tue Mar 2023	41.32	43.00	45.70	33.90	3.84 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 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 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 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 BUY signal for Raj Oil in short term but the buy signal is initial and weak.

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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Raj Oil in short term but SELL 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

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 38.03 and Raj Oil (RajOil) stock is trading above this level. This is a good sign for the stock and it could move higher. 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 negative.

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