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

(ROML) Raj Oil complete technical analysis [charts+indicators] | Buy/Sell Raj Oil | (ROML) share price targets

Complete technical analysis of Raj Oil (ROML) by charts plus indicators, forecast predictions and share price targets for Raj Oil (ROML)

Showing technical analysis as on 2024-03-01 View latest technical analysis

10 day averaged volume of Raj Oil is 5642

Date	Daily Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	47.10	47.30	47.90	46.60	0.611 times
29 Thu Feb 2024	47.20	46.75	48.70	46.00	0.793 times
28 Wed Feb 2024	46.70	47.25	48.35	46.35	1.041 times
27 Tue Feb 2024	47.25	48.75	48.75	47.00	0.793 times
26 Mon Feb 2024	47.45	48.65	48.65	47.25	0.34 times
23 Fri Feb 2024	47.70	48.90	48.90	47.20	0.884 times
22 Thu Feb 2024	48.20	49.00	49.00	48.00	0.516 times
21 Wed Feb 2024	48.55	48.00	49.30	48.00	1.939 times
20 Tue Feb 2024	47.80	49.70	49.70	47.30	1.167 times
19 Mon Feb 2024	47.95	49.85	49.85	47.60	0.49 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 47.2, but if it comes above 47.2, then a intra day buy could be more profitable.
If you take a sell trade below 47.2, then use 47.2 as stoploss and 46.5 as target. However if you take a buy trade in stock , then use 47.2 as stoploss and 47.83 as target.

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	45.25
Upside Target	48.75
Upside Target	49.85
Upside Target	50.15
Upside Target	51.05
Upside Target	52.00
Upside Target	52.25
Upside Target	53.20
Upside Target	53.65

Intraday share price targets for Raj Oil (ROML)

Target Type	Value
Downside Intraday Target	45.82
Downside Intraday Target	44.53
Upside Intraday Target	48.57
Upside Intraday Target	50.03
Upside Intraday Target	47.28

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	47.10	48.65	48.75	46.00	0.716 times
23 Fri Feb 2024	47.70	49.85	49.85	47.20	0.845 times
16 Fri Feb 2024	48.15	50.15	50.15	45.95	0.632 times
09 Fri Feb 2024	48.30	49.20	52.00	48.00	1.108 times
02 Fri Feb 2024	49.10	50.95	51.05	48.15	0.762 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 (ROML)

Date	Monthly Closing Price	Open	High	Low	Volume
01 Fri Mar 2024	47.10	47.30	47.90	46.60	0.023 times
29 Thu Feb 2024	47.20	48.20	52.00	45.95	0.51 times
31 Wed Jan 2024	49.10	48.90	53.20	46.25	2.249 times
29 Fri Dec 2023	47.55	52.25	52.25	45.60	0.472 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 (ROML)

Price action analysis of Raj Oil ( (ROML) ) 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 ( (ROML) ) 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 ( (ROML) ) 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 47.69 and Raj Oil (ROML) 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 (ROML) stock. Volume based technical analysis of Raj Oil (ROML) 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.