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(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 2024-04-02 View latest technical analysis

10 day averaged volume of Raj Oil is 13059

Date	Daily Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	46.30	47.40	48.00	45.35	0.909 times
01 Mon Apr 2024	45.70	43.10	46.90	43.10	0.33 times
28 Thu Mar 2024	42.95	42.60	45.00	42.60	0.472 times
27 Wed Mar 2024	43.50	45.80	45.80	42.30	1.164 times
26 Tue Mar 2024	44.65	45.80	45.80	44.20	1.065 times
22 Fri Mar 2024	45.85	44.00	48.10	44.00	5.616 times
21 Thu Mar 2024	43.75	46.55	46.60	42.65	0.423 times
20 Wed Mar 2024	43.55	43.05	44.00	42.20	0.372 times
19 Tue Mar 2024	42.20	43.35	43.55	41.50	0.298 times
18 Mon Mar 2024	43.35	42.35	43.95	42.35	0.22 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 46.4 as stoploss in an intra day sell trade for a target of 44.82. However, stock will show a bullish move above 46.4.

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	41.00
Downside Target	45.05
Upside Target	47.00
Upside Target	48.00
Upside Target	48.10
Upside Target	48.70
Upside Target	52.00
Upside Target	52.25
Upside Target	53.20

Intraday share price targets for Raj Oil (ROML)

Target Type	Value
Downside Intraday Target	43.6
Downside Intraday Target	40.9
Upside Intraday Target	48.5
Upside Intraday Target	50.7
Downside Intraday Target	45.8

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	46.30	43.10	48.00	43.10	0.459 times
28 Thu Mar 2024	42.95	45.80	45.80	42.30	0.39 times
22 Fri Mar 2024	45.85	42.35	48.10	41.50	4.171 times
15 Fri Mar 2024	43.55	47.00	47.00	41.00	1.33 times
07 Thu Mar 2024	46.00	47.85	48.70	45.05	0.803 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 (ROML)

Date	Monthly Closing Price	Open	High	Low	Volume
02 Tue Apr 2024	46.30	43.10	48.00	43.10	0.097 times
28 Thu Mar 2024	42.95	47.30	48.70	41.00	1.098 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

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 (ROML)

Price action analysis of Raj Oil ( (ROML) ) based on a short term time period is neutral. A longer time frame might give a better analysis.

Price action analysis of Raj Oil ( (ROML) ) 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 ( (ROML) ) based on a short to mid 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 ( (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 BUY. Signal strength is Strong and stock is gaining 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 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 stronger in this stock.

Ichimoku cloud is of red color and prices are in or above the red 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 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 45.08 and Raj Oil (ROML) 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 (ROML) stock. Volume based technical analysis of Raj Oil (ROML) 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.