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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 2024-08-21 View latest technical analysis

10 day averaged volume of Raj Oil is 63619

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	53.23	53.13	53.88	52.60	0.218 times
20 Tue Aug 2024	53.13	53.16	54.79	52.41	0.434 times
19 Mon Aug 2024	53.16	55.00	55.00	52.50	0.212 times
16 Fri Aug 2024	53.31	53.00	53.67	52.52	0.135 times
14 Wed Aug 2024	53.15	54.94	54.94	52.80	0.174 times
13 Tue Aug 2024	53.72	59.00	60.13	52.62	2.701 times
12 Mon Aug 2024	57.54	59.70	59.90	56.00	0.282 times
09 Fri Aug 2024	56.44	59.00	61.80	55.50	0.982 times
08 Thu Aug 2024	60.44	64.33	64.33	59.00	1.978 times
07 Wed Aug 2024	64.33	64.33	64.33	62.00	2.293 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 49.9 as stoploss in an intra day buy trade for a target of 58.48. However, stock will show a bearish move below 49.9.

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	52.09
Downside Intraday Target	50.96
Upside Intraday Target	54.68
Upside Intraday Target	56.14
Upside Intraday Target	53.55

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	53.23	55.00	55.00	52.41	0.262 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
21 Wed Aug 2024	53.23	55.01	64.33	52.20	0.271 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 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 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 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 gaining 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 moving up

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 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 58.05 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.