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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 2024-08-30 View latest technical analysis

10 day averaged volume of Raj Oil is 38553

Date	Daily Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	55.35	56.51	58.49	55.25	0.254 times
29 Thu Aug 2024	56.33	55.20	60.69	54.02	3.392 times
28 Wed Aug 2024	55.18	53.20	57.02	53.20	1.912 times
27 Tue Aug 2024	56.58	56.98	56.98	55.21	0.468 times
26 Mon Aug 2024	56.35	57.50	57.50	55.01	0.808 times
23 Fri Aug 2024	56.60	53.99	57.90	53.08	1.069 times
22 Thu Aug 2024	53.56	53.99	54.99	53.00	0.702 times
21 Wed Aug 2024	53.23	53.13	53.88	52.60	0.359 times
20 Tue Aug 2024	53.13	53.16	54.79	52.41	0.717 times
19 Mon Aug 2024	53.16	55.00	55.00	52.50	0.35 times

My analysis of stock is bearish for shortterm, and stock might move down till 51.7 or till 45.7. Use a stoploss of 56.75 and if the stock hits stoploss, then it can shoot up till 61.77

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	52.00
Upside Target	57.90
Upside Target	60.13
Upside Target	60.69
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	52.14
Downside Intraday Target	48.92
Upside Intraday Target	59.63
Upside Intraday Target	63.9
Upside Intraday Target	56.41

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Fri Aug 2024	55.35	57.50	60.69	53.20	2.138 times
23 Fri Aug 2024	56.60	55.00	57.90	52.41	0.589 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

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
30 Fri Aug 2024	55.35	55.01	64.33	52.20	0.406 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 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 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 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 SELL signal for Raj Oil in short term but the sell signal is initial and weak.

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 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 but SELL signal is weak.

RSI is generating a BUY signal in short term and the buying is gaining 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 55.48 and Raj Oil (ROML) stock is trading below this level. This means that stock is falling with high volumes. VWAP is rising upwards.

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.