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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 33260

Date Daily Closing Price Open High Low Volume
30 Tue Apr 2024 70.97 75.00 78.00 70.97 0.42 times
29 Mon Apr 2024 74.70 81.89 81.89 72.95 1.123 times
26 Fri Apr 2024 79.62 78.78 82.91 75.70 3.847 times
25 Thu Apr 2024 75.38 73.00 75.38 73.00 3.096 times
24 Wed Apr 2024 62.82 53.49 62.82 53.49 0.72 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 65.8, but if it comes below 65.8, then a intra day sell could be more profitable.
If you take a sell trade below 65.8, then use 65.8 as stoploss and 55.06 as target. However if you take a buy trade in stock , then use 65.8 as stoploss and 78.6 as target.

Share price targets for Raj Oil (RajOil)

Target Type Value
Downside Target 38.56
Downside Target 42.35
Downside Target 45.01
Downside Target 47.00
Downside Target 48.35
Downside Target 50.45
Downside Target 51.98
Downside Target 53.00
Downside Target 70.97
Upside Target 81.89
Upside Target 82.91

Intraday share price targets for Raj Oil (RajOil)

Target Type Value
Downside Intraday Target 67.33
Downside Intraday Target 63.69
Upside Intraday Target 78.25
Upside Intraday Target 85.53
Upside Intraday Target 74.61

Weekly technical analysis of Raj Oil (RajOil)

Date Weekly Closing Price Open High Low Volume
30 Tue Apr 2024 70.97 81.89 81.89 70.97 0.189 times
26 Fri Apr 2024 79.62 51.81 82.91 50.45 22.751 times
19 Fri Apr 2024 50.79 50.49 52.50 47.00 0.824 times
12 Fri Apr 2024 49.78 51.98 51.98 48.35 0.831 times
05 Fri Apr 2024 50.10 43.86 51.98 42.35 3.023 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
30 Tue Apr 2024 70.97 43.86 82.91 42.35 9.967 times
28 Thu Mar 2024 43.00 47.53 48.59 38.56 0.402 times
29 Thu Feb 2024 46.48 48.15 53.00 45.01 0.351 times
31 Wed Jan 2024 48.70 46.70 53.00 45.55 2.847 times

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)

Indicator Name Indicator Value Indicator Signal
ADX 51, 13, 59 Buy
MACD 11, 8Buy
Stochastics 78Buy
CCI 68Sell
RSI 69Buy
OBV 249875Sell
VWAP 74Sell
ADL 0Sell
ROC 48Buy
Force Index 0Sell

Price action analysis of Raj Oil ( (RajOil) ) based on a short term time period is

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 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 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 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 but buying is losing 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 73.94 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 positive

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

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