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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 2023-05-19 View latest technical analysis

10 day averaged volume of Raj Oil is 1652

Date	Daily Closing Price	Open	High	Low	Volume
19 Fri May 2023	40.96	41.41	41.41	40.96	0.077 times
18 Thu May 2023	41.10	41.00	41.45	41.00	0.403 times
17 Wed May 2023	41.10	43.00	43.00	41.00	0.569 times
16 Tue May 2023	41.84	41.69	42.00	41.01	2.829 times
15 Mon May 2023	41.64	41.77	42.00	41.35	0.66 times
12 Fri May 2023	41.70	42.92	42.92	41.66	0.213 times
11 Thu May 2023	41.93	42.00	42.00	40.65	1.09 times
10 Wed May 2023	41.19	41.64	41.64	41.19	0.317 times
09 Tue May 2023	41.02	41.05	42.99	40.76	0.727 times
08 Mon May 2023	42.40	41.25	42.44	41.15	1.254 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 40.8 as stoploss in an intra day buy trade for a target of 41.35. However, stock will show a bearish move below 40.8.

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	33.90
Downside Target	37.36
Downside Target	39.00
Downside Target	40.00
Upside Target	42.14
Upside Target	44.48
Upside Target	45.10
Upside Target	45.70
Upside Target	54.00
Upside Target	61.95
Upside Target	64.75

Intraday share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Intraday Target	40.28
Downside Intraday Target	39.6
Upside Intraday Target	42.32
Upside Intraday Target	43.68
Upside Intraday Target	41.64

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Fri May 2023	40.96	41.77	43.00	40.96	1.26 times
12 Fri May 2023	41.70	41.25	42.99	40.65	0.931 times
05 Fri May 2023	41.58	41.64	42.70	40.35	1.689 times
28 Fri Apr 2023	40.84	40.89	42.14	40.00	0.149 times
21 Fri Apr 2023	41.27	42.13	44.48	39.00	1.416 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
19 Fri May 2023	40.96	41.64	43.00	40.35	0.351 times
28 Fri Apr 2023	40.84	39.20	44.48	37.36	0.245 times
31 Fri Mar 2023	38.65	43.00	45.70	33.90	4.03 times
27 Mon Feb 2023	45.10	56.60	64.75	45.10	1.266 times

Scroll below to view daily charts

Price has moved up 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 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 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 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 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.

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 green color and prices are in or below the green cloud Prices appear to be coming down

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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 41.72 and Raj Oil (RajOil) stock is trading below this level. This means that stock is falling with high volumes. 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 has given negative returns over a short term period. Returns for a longer term period have been positive

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