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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 2024-08-05 View latest technical analysis

10 day averaged volume of Raj Oil is 236178

Date	Daily Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	53.18	55.01	55.07	52.20	0.069 times
29 Mon Apr 2024	74.90	78.00	81.15	73.05	0.729 times
26 Fri Apr 2024	79.65	78.15	83.20	75.65	6.457 times
25 Thu Apr 2024	75.65	73.00	75.65	72.15	1.801 times
24 Wed Apr 2024	63.05	52.20	63.05	51.80	0.589 times
23 Tue Apr 2024	52.55	53.15	53.20	51.50	0.089 times
22 Mon Apr 2024	51.85	52.90	52.90	50.50	0.135 times
19 Fri Apr 2024	50.90	50.80	51.75	50.05	0.055 times
18 Thu Apr 2024	50.85	48.95	53.45	47.50	0.105 times
16 Tue Apr 2024	47.95	46.20	49.10	46.20	0.013 times

My analysis of stock is bearish for shortterm, and stock might move down till 44 or till 31.8. Use a stoploss of 54.15 and if the stock hits stoploss, then it can shoot up till 64.31

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	41.00
Downside Target	43.10
Downside Target	45.95
Downside Target	48.50
Downside Target	50.50
Downside Target	51.75
Upside Target	53.45
Upside Target	55.07
Upside Target	73.05
Upside Target	81.15
Upside Target	83.20

Intraday share price targets for Raj Oil (ROML)

Target Type	Value
Downside Intraday Target	51.9
Downside Intraday Target	50.61
Upside Intraday Target	54.77
Upside Intraday Target	56.35
Upside Intraday Target	53.48

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Mon Aug 2024	53.18	55.01	55.07	52.20	0.095 times
29 Mon Apr 2024	74.90	78.00	81.15	73.05	0.08 times
26 Fri Apr 2024	79.65	52.90	83.20	50.50	45.492 times
19 Fri Apr 2024	50.90	47.75	53.45	46.20	1.884 times
12 Fri Apr 2024	49.45	51.75	51.75	48.50	0.338 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
05 Mon Aug 2024	53.18	55.01	55.07	52.20	0.007 times
29 Mon Apr 2024	74.90	43.10	83.20	43.10	14.704 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

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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Raj Oil in short term and the buy signal is strong.

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 in or below the green 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 SELL signal in short term and selling is picking up 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 76.32 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 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.