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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 2024-09-05 View latest technical analysis

10 day averaged volume of Raj Oil is 52792

Date	Daily Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	57.06	58.51	60.00	56.00	1.68 times
04 Wed Sep 2024	56.75	56.47	60.00	55.00	2.048 times
03 Tue Sep 2024	55.62	56.98	58.00	55.21	0.947 times
02 Mon Sep 2024	55.75	56.00	57.00	54.51	0.721 times
30 Fri Aug 2024	55.35	56.51	58.49	55.25	0.185 times
29 Thu Aug 2024	56.33	55.20	60.69	54.02	2.477 times
28 Wed Aug 2024	55.18	53.20	57.02	53.20	1.396 times
27 Tue Aug 2024	56.58	56.98	56.98	55.21	0.342 times
26 Mon Aug 2024	56.35	57.50	57.50	55.01	0.59 times
23 Fri Aug 2024	56.60	53.99	57.90	53.08	0.781 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 57.3 as stoploss in an intra day sell trade for a target of 55.46. However, stock will show a bullish move above 57.3.

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
Downside Target	54.51
Upside Target	57.90
Upside Target	60.00
Upside Target	60.13
Upside Target	60.69
Upside Target	64.33
Upside Target	83.20

Intraday share price targets for Raj Oil (ROML)

Target Type	Value
Downside Intraday Target	54.38
Downside Intraday Target	51.7
Upside Intraday Target	59.87
Upside Intraday Target	62.68
Upside Intraday Target	57.19

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
05 Thu Sep 2024	57.06	56.00	60.00	54.51	1.081 times
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

Price has moved up 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
05 Thu Sep 2024	57.06	56.00	60.00	54.51	0.285 times
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

Scroll below to view daily charts

Price has moved up 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 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 Strong and stock is losing momentum.

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

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 red color and prices are below the red cloud Prices appear to be moving up

CCI has generated a buy signal for Raj Oil in short term and BUY signal is strong.

RSI is generating a SELL signal in short term and selling is picking up momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 56.29 and Raj Oil (ROML) stock is trading above this level. This is a good sign for the stock and it could move higher. 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.