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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 2024-08-07 View latest technical analysis

10 day averaged volume of Raj Oil is 242019

Date	Daily Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	64.33	64.33	64.33	62.00	0.603 times
06 Tue Aug 2024	58.49	54.18	58.49	54.17	0.213 times
05 Mon Aug 2024	53.18	55.01	55.07	52.20	0.067 times
29 Mon Apr 2024	74.90	78.00	81.15	73.05	0.711 times
26 Fri Apr 2024	79.65	78.15	83.20	75.65	6.302 times
25 Thu Apr 2024	75.65	73.00	75.65	72.15	1.758 times
24 Wed Apr 2024	63.05	52.20	63.05	51.80	0.575 times
23 Tue Apr 2024	52.55	53.15	53.20	51.50	0.087 times
22 Mon Apr 2024	51.85	52.90	52.90	50.50	0.132 times
19 Fri Apr 2024	50.90	50.80	51.75	50.05	0.054 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 65.7 as stoploss in an intra day sell trade for a target of 55.69. However, stock will show a bullish move above 65.7.

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
Downside Target	53.45
Downside Target	64.33
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	56.24
Downside Intraday Target	48.16
Upside Intraday Target	68.37
Upside Intraday Target	72.42
Downside Intraday Target	60.29

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
07 Wed Aug 2024	64.33	55.01	64.33	52.20	1.241 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
07 Wed Aug 2024	64.33	55.01	64.33	52.20	0.087 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 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 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 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. Bears are getting stronger in this stock.

Ichimoku cloud is of green color and prices are in or below 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 75.55 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.