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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 2024-08-08 View latest technical analysis

10 day averaged volume of Raj Oil is 254134

Date	Daily Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	60.44	64.33	64.33	59.00	0.495 times
07 Wed Aug 2024	64.33	64.33	64.33	62.00	0.574 times
06 Tue Aug 2024	58.49	54.18	58.49	54.17	0.202 times
05 Mon Aug 2024	53.18	55.01	55.07	52.20	0.064 times
29 Mon Apr 2024	74.90	78.00	81.15	73.05	0.678 times
26 Fri Apr 2024	79.65	78.15	83.20	75.65	6.001 times
25 Thu Apr 2024	75.65	73.00	75.65	72.15	1.674 times
24 Wed Apr 2024	63.05	52.20	63.05	51.80	0.548 times
23 Tue Apr 2024	52.55	53.15	53.20	51.50	0.083 times
22 Mon Apr 2024	51.85	52.90	52.90	50.50	0.125 times

My analysis of stock is bullish for shortterm, and stock might move up till 66.2 or till 78. Use a stoploss of 56.4 and if this stock hits its stoploss, then it can fall down till 46.58

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
Upside 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	53.65
Downside Intraday Target	46.86
Upside Intraday Target	65.78
Upside Intraday Target	71.12
Downside Intraday Target	58.99

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	60.44	55.01	64.33	52.20	1.972 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, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Raj Oil (ROML)

Date	Monthly Closing Price	Open	High	Low	Volume
08 Thu Aug 2024	60.44	55.01	64.33	52.20	0.138 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 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. Bears are weakening, and bulls 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 BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY 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 74.96 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.