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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)

10 day averaged volume of Raj Oil is 7932

Date Daily Closing Price Open High Low Volume
23 Fri Jul 2021 79.25 81.50 83.30 79.05 0.398 times
22 Thu Jul 2021 82.00 77.25 83.50 77.25 2.942 times
20 Tue Jul 2021 78.15 83.00 83.00 77.25 0.701 times
19 Mon Jul 2021 79.55 81.00 81.00 78.20 0.901 times
16 Fri Jul 2021 80.30 81.40 82.00 80.00 0.645 times
15 Thu Jul 2021 80.95 82.90 82.90 80.00 0.374 times
14 Wed Jul 2021 81.15 82.40 83.00 80.65 0.741 times
13 Tue Jul 2021 82.55 84.80 85.15 80.20 1.159 times
12 Mon Jul 2021 83.45 86.00 86.00 82.00 0.683 times
09 Fri Jul 2021 83.25 80.00 84.60 79.25 1.443 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 79.4, but if it comes above 79.4, then a intra day buy could be more profitable.
If you take a sell trade below 79.4, then use 79.4 as stoploss and 74.6 as target. However if you take a buy trade in stock , then use 79.4 as stoploss and 83.31 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 77.25
Downside Target 78.90
Upside Target 83.50
Upside Target 90.50
Upside Target 92.00
Upside Target 94.00
Upside Target 97.00
Upside Target 105.00
Upside Target 109.95
Upside Target 116.95
Upside Target 138.35

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 76.5
Downside Intraday Target 73.75
Upside Intraday Target 82.75
Upside Intraday Target 86.25
Upside Intraday Target 80

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
23 Fri Jul 2021 79.25 81.00 83.50 77.25 1.372 times
16 Fri Jul 2021 80.30 86.00 86.00 80.00 0.689 times
09 Fri Jul 2021 83.25 84.00 86.10 78.90 0.602 times
02 Fri Jul 2021 83.30 91.00 94.00 80.25 1.762 times
25 Fri Jun 2021 90.75 91.00 97.00 90.50 1.553 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
23 Fri Jul 2021 79.25 91.60 92.00 77.25 1.013 times
30 Wed Jun 2021 89.25 103.45 105.00 88.65 1.138 times
31 Mon May 2021 103.45 110.70 116.95 88.05 1.377 times
30 Fri Apr 2021 106.10 93.40 109.95 85.05 0.586 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)

Indicator Name Indicator Value Indicator Signal
ADX 12, 16, 13 Sell
MACD -7, -7Buy
Stochastics 29Sell
CCI -49Sell
RSI 62Buy
OBV -99055Sell
VWAP 82Sell
ADL 0Sell
ROC -1Sell
Force Index 0Sell

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 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 BUY signal for Raj Oil in short term but the buy signal is initial and weak.

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 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 in or above 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 but buying is losing 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 81.53 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.

Click here for Raj Oil charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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