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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 2023-05-24 View latest technical analysis

10 day averaged volume of Raj Oil is 1743

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed May 2023	40.25	41.59	41.85	40.25	0.119 times
23 Tue May 2023	41.06	40.00	42.00	39.36	2.443 times
22 Mon May 2023	40.00	40.10	40.69	40.00	1.719 times
19 Fri May 2023	40.96	41.41	41.41	40.96	0.073 times
18 Thu May 2023	41.10	41.00	41.45	41.00	0.382 times
17 Wed May 2023	41.10	43.00	43.00	41.00	0.539 times
16 Tue May 2023	41.84	41.69	42.00	41.01	2.681 times
15 Mon May 2023	41.64	41.77	42.00	41.35	0.626 times
12 Fri May 2023	41.70	42.92	42.92	41.66	0.202 times
11 Thu May 2023	41.93	42.00	42.00	40.65	1.033 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 40.5, but if it comes above 40.5, then a intra day buy could be more profitable.
If you take a sell trade below 40.5, then use 40.5 as stoploss and 39.7 as target. However if you take a buy trade in stock , then use 40.5 as stoploss and 41.21 as target.

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	33.90
Downside Target	37.36
Downside Target	39.36
Upside Target	42.00
Upside Target	43.00
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	39.07
Downside Intraday Target	37.9
Upside Intraday Target	41.71
Upside Intraday Target	43.18
Upside Intraday Target	40.54

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed May 2023	40.25	40.10	42.00	39.36	0.995 times
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

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
24 Wed May 2023	40.25	41.64	43.00	39.36	0.483 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 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 positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 neutral. A longer time frame might give a better analysis.

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 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 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 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 41.22 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 positive

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