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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 2024-04-18 View latest technical analysis

10 day averaged volume of Raj Oil is 10392

Date	Daily Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	50.85	48.95	53.45	47.50	2.38 times
16 Tue Apr 2024	47.95	46.20	49.10	46.20	0.3 times
15 Mon Apr 2024	47.80	47.75	50.40	47.60	0.601 times
12 Fri Apr 2024	49.45	49.40	50.00	48.50	0.43 times
10 Wed Apr 2024	49.40	51.30	51.30	49.30	0.355 times
09 Tue Apr 2024	49.65	50.70	50.75	49.15	0.605 times
08 Mon Apr 2024	49.70	51.75	51.75	49.00	1.016 times
05 Fri Apr 2024	49.90	49.85	52.50	49.40	3.98 times
04 Thu Apr 2024	48.40	47.00	48.90	46.90	0.785 times
03 Wed Apr 2024	46.15	47.90	47.90	45.05	0.786 times

Stock of Raj Oil (ROML) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 49.3, but if it comes below 49.3, then a intra day sell could be more profitable.
If you take a sell trade below 49.3, then use 49.3 as stoploss and 46.55 as target. However if you take a buy trade in stock , then use 49.3 as stoploss and 52.5 as target.

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	41.00
Downside Target	45.60
Downside Target	48.10
Downside Target	48.70
Upside Target	51.75
Upside Target	52.00
Upside Target	52.25
Upside Target	52.50
Upside Target	53.20
Upside Target	53.45

Intraday share price targets for Raj Oil (ROML)

Target Type	Value
Downside Intraday Target	46.88
Downside Intraday Target	42.92
Upside Intraday Target	54.13
Upside Intraday Target	57.42
Downside Intraday Target	50.17

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Thu Apr 2024	50.85	47.75	53.45	46.20	1.364 times
12 Fri Apr 2024	49.45	51.75	51.75	48.50	0.338 times
05 Fri Apr 2024	49.90	43.10	52.50	43.10	2.095 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

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
18 Thu Apr 2024	50.85	43.10	53.45	43.10	0.795 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 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 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 ( (ROML) ) based on a mid to longer term time period is neutral. A longer time frame might give a better analysis.

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 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 green color and prices are above the green 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 and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 49.51 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.