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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 2023-09-06 View latest technical analysis

10 day averaged volume of Raj Oil is 6588

Date	Daily Closing Price	Open	High	Low	Volume
06 Wed Sep 2023	44.27	47.43	47.43	43.95	0.978 times
05 Tue Sep 2023	45.24	46.45	46.45	45.00	0.666 times
04 Mon Sep 2023	45.67	46.00	46.85	43.64	3.379 times
01 Fri Sep 2023	44.62	42.50	44.62	41.70	3.176 times
31 Thu Aug 2023	42.50	42.45	42.94	41.51	0.241 times
30 Wed Aug 2023	42.47	43.00	43.40	42.06	0.436 times
29 Tue Aug 2023	41.84	42.55	42.55	41.50	0.362 times
28 Mon Aug 2023	42.15	42.44	43.65	42.00	0.457 times
25 Fri Aug 2023	43.31	43.94	43.94	43.05	0.222 times
24 Thu Aug 2023	43.89	43.00	44.00	43.00	0.156 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 44.2, but if it comes below 44.2, then a intra day sell could be more profitable.
If you take a sell trade below 44.2, then use 44.2 as stoploss and 42.78 as target. However if you take a buy trade in stock , then use 44.2 as stoploss and 45.9 as target.

Share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Target	36.00
Downside Target	37.10
Downside Target	39.37
Downside Target	41.50
Downside Target	43.00
Upside Target	44.62
Upside Target	47.35
Upside Target	47.43
Upside Target	48.37
Upside Target	50.50
Upside Target	56.42

Intraday share price targets for Raj Oil (RajOil)

Target Type	Value
Downside Intraday Target	42.8
Downside Intraday Target	41.32
Upside Intraday Target	46.59
Upside Intraday Target	48.9
Upside Intraday Target	45.11

Weekly technical analysis of Raj Oil (RajOil)

Date	Weekly Closing Price	Open	High	Low	Volume
06 Wed Sep 2023	44.27	46.00	47.43	43.64	1.075 times
01 Fri Sep 2023	44.62	42.44	44.62	41.50	1.552 times
25 Fri Aug 2023	43.31	40.05	44.14	40.05	0.944 times
18 Fri Aug 2023	40.78	43.00	43.00	40.46	0.149 times
11 Fri Aug 2023	41.75	47.35	47.35	39.37	1.582 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
06 Wed Sep 2023	44.27	42.50	47.43	41.70	0.218 times
31 Thu Aug 2023	42.50	50.35	50.50	39.37	1.089 times
31 Mon Jul 2023	52.12	41.10	56.42	37.10	1.915 times
30 Fri Jun 2023	41.10	39.00	48.37	36.00	2.587 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 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 Weak and stock is losing 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 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 in or above 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 BUY signal in short term and the buying is gaining 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 44.58 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 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.