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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 2023-06-09 View latest technical analysis

10 day averaged volume of Raj Oil is 8669

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Jun 2023	44.88	43.50	45.30	43.00	0.426 times
08 Thu Jun 2023	43.22	44.09	46.00	43.00	1.113 times
07 Wed Jun 2023	43.98	44.50	44.50	42.56	0.724 times
06 Tue Jun 2023	42.59	42.58	42.59	42.50	0.62 times
05 Mon Jun 2023	40.57	38.65	40.57	38.65	0.635 times
02 Fri Jun 2023	38.64	36.10	38.64	36.00	2.155 times
01 Thu Jun 2023	36.80	39.00	39.80	36.10	2.708 times
31 Wed May 2023	38.00	38.58	39.79	37.50	0.248 times
30 Tue May 2023	38.58	42.10	42.10	38.50	0.593 times
29 Mon May 2023	40.45	39.84	41.00	39.39	0.338 times

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 45.1, for a target of 42.7 or 40.81

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	33.90
Downside Target	36.00
Downside Target	37.36
Downside Target	38.65
Downside Target	40.65
Downside Target	42.10
Downside Target	43.00
Downside Target	44.48
Upside Target	45.10
Upside Target	45.70
Upside Target	46.00
Upside Target	64.75

Intraday share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Intraday Target	40.35
Downside Intraday Target	35.83
Upside Intraday Target	47.7
Upside Intraday Target	50.53
Downside Intraday Target	43.18

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Jun 2023	44.88	38.65	46.00	38.65	0.582 times
02 Fri Jun 2023	38.64	39.84	42.10	36.00	3.316 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

Price has moved up 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
09 Fri Jun 2023	44.88	39.00	46.00	36.00	1.585 times
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

Scroll below to view daily charts

Price has moved up 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 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.

ADX buy sell signal for Raj Oil stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Raj Oil in short term and the buy signal is strong.

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 green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a buy signal for Raj Oil in short term and BUY 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

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 39.76 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 positive

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