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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 2024-08-09 View latest technical analysis

10 day averaged volume of Raj Oil is 265420

Date	Daily Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	56.44	59.00	61.80	55.50	0.235 times
08 Thu Aug 2024	60.44	64.33	64.33	59.00	0.474 times
07 Wed Aug 2024	64.33	64.33	64.33	62.00	0.55 times
06 Tue Aug 2024	58.49	54.18	58.49	54.17	0.194 times
05 Mon Aug 2024	53.18	55.01	55.07	52.20	0.062 times
29 Mon Apr 2024	74.90	78.00	81.15	73.05	0.649 times
26 Fri Apr 2024	79.65	78.15	83.20	75.65	5.746 times
25 Thu Apr 2024	75.65	73.00	75.65	72.15	1.603 times
24 Wed Apr 2024	63.05	52.20	63.05	51.80	0.524 times
23 Tue Apr 2024	52.55	53.15	53.20	51.50	0.079 times

My analysis of stock is bearish for shortterm, and stock might move down till 47.2 or till 35.6. Use a stoploss of 56.81 and if the stock hits stoploss, then it can shoot up till 66.45

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	50.98
Downside Intraday Target	45.53
Upside Intraday Target	63.11
Upside Intraday Target	69.79
Upside Intraday Target	57.66

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Fri Aug 2024	56.44	55.01	64.33	52.20	2.334 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
09 Fri Aug 2024	56.44	55.01	64.33	52.20	0.163 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 SELL signal for Raj Oil in short term but the sell signal is initial and weak.

Raj Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red 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 74.8 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.