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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 2023-03-29 View latest technical analysis

10 day averaged volume of Raj Oil is 15123

Date	Daily Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	39.99	40.74	43.38	39.38	0.317 times
28 Tue Mar 2023	41.32	42.31	44.65	41.32	0.254 times
27 Mon Mar 2023	43.48	45.70	45.70	42.31	0.722 times
24 Fri Mar 2023	43.55	43.70	43.75	43.00	1.06 times
23 Thu Mar 2023	41.67	41.67	41.67	40.31	0.489 times
22 Wed Mar 2023	39.69	39.45	39.69	38.80	0.46 times
21 Tue Mar 2023	37.80	37.80	37.80	36.70	2.174 times
20 Mon Mar 2023	36.00	33.90	36.45	33.90	1.349 times
17 Fri Mar 2023	34.72	35.51	35.55	34.17	2.422 times
16 Thu Mar 2023	35.96	35.76	36.64	35.25	0.436 times

My analysis of stock is bullish for shortterm, and stock might move up till 41.7 or till 44.8. Use a stoploss of 39.11 and if this stock hits its stoploss, then it can fall down till 36.53

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	33.90
Downside Target	36.75
Downside Target	38.68
Upside 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	37.68
Downside Intraday Target	35.37
Upside Intraday Target	44
Upside Intraday Target	48.01
Upside Intraday Target	41.69

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Wed Mar 2023	39.99	45.70	45.70	39.38	0.234 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
29 Wed Mar 2023	39.99	43.00	45.70	33.90	3.923 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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

ADX buy sell signal for Raj Oil stock for short term is SELL. 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bulls are getting tired and bears are picking up momentum.

Ichimoku cloud is of red color and prices are below 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 but selling 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 38.2 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.