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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 2023-05-31 View latest technical analysis

10 day averaged volume of Raj Oil is 2559

Date	Daily Closing Price	Open	High	Low	Volume
31 Wed May 2023	38.00	38.58	39.79	37.50	0.84 times
30 Tue May 2023	38.58	42.10	42.10	38.50	2.009 times
29 Mon May 2023	40.45	39.84	41.00	39.39	1.143 times
26 Fri May 2023	39.44	40.44	40.70	39.08	2.932 times
25 Thu May 2023	41.13	42.25	42.26	40.84	0.323 times
24 Wed May 2023	40.25	41.59	41.85	40.25	0.081 times
23 Tue May 2023	41.06	40.00	42.00	39.36	1.664 times
22 Mon May 2023	40.00	40.10	40.69	40.00	1.171 times
19 Fri May 2023	40.96	41.41	41.41	40.96	0.05 times
18 Thu May 2023	41.10	41.00	41.45	41.00	0.26 times

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 38.4, for a target of 39.8 or 40.87

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	33.90
Downside Target	37.36
Upside Target	39.08
Upside Target	40.35
Upside Target	42.10
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	36.3
Downside Intraday Target	34.6
Upside Intraday Target	40.9
Upside Intraday Target	43.8
Upside Intraday Target	39.2

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
31 Wed May 2023	38.00	39.84	42.10	37.50	0.647 times
26 Fri May 2023	39.44	40.10	42.26	39.08	2.107 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

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
31 Wed May 2023	38.00	41.64	43.00	37.50	0.811 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 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 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 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 and SELL signal is strong!

RSI is generating a BUY signal in short term and the buying is gaining 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 39.7 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.