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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 2024-08-19 View latest technical analysis

10 day averaged volume of Raj Oil is 78361

Date	Daily Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	53.16	55.00	55.00	52.50	0.172 times
16 Fri Aug 2024	53.31	53.00	53.67	52.52	0.11 times
14 Wed Aug 2024	53.15	54.94	54.94	52.80	0.141 times
13 Tue Aug 2024	53.72	59.00	60.13	52.62	2.193 times
12 Mon Aug 2024	57.54	59.70	59.90	56.00	0.229 times
09 Fri Aug 2024	56.44	59.00	61.80	55.50	0.797 times
08 Thu Aug 2024	60.44	64.33	64.33	59.00	1.606 times
07 Wed Aug 2024	64.33	64.33	64.33	62.00	1.862 times
06 Tue Aug 2024	58.49	54.18	58.49	54.17	0.656 times
05 Mon Aug 2024	53.18	55.01	55.07	52.20	0.208 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 48.9 as stoploss in an intra day buy trade for a target of 57.95. However, stock will show a bearish move below 48.9.

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	41.00
Downside Target	43.10
Downside Target	45.95
Downside Target	48.70
Downside Target	50.50
Downside Target	52.00
Upside Target	55.00
Upside Target	60.13
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	52.11
Downside Intraday Target	51.05
Upside Intraday Target	54.61
Upside Intraday Target	56.05
Upside Intraday Target	53.55

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Mon Aug 2024	53.16	55.00	55.00	52.50	0.064 times
16 Fri Aug 2024	53.31	59.70	60.13	52.52	0.521 times
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

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
19 Mon Aug 2024	53.16	55.01	64.33	52.20	0.254 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 definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on 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 SELL. 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 weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a buy signal for Raj Oil in short term but BUY signal is weak.

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

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 58.28 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 has given negative 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.