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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 2024-09-09 View latest technical analysis

10 day averaged volume of Raj Oil is 66738

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	56.35	59.98	59.98	56.10	0.263 times
06 Fri Sep 2024	58.74	57.47	59.80	56.00	1.784 times
05 Thu Sep 2024	57.06	58.51	60.00	56.00	1.329 times
04 Wed Sep 2024	56.75	56.47	60.00	55.00	1.62 times
03 Tue Sep 2024	55.62	56.98	58.00	55.21	0.749 times
02 Mon Sep 2024	55.75	56.00	57.00	54.51	0.57 times
30 Fri Aug 2024	55.35	56.51	58.49	55.25	0.147 times
29 Thu Aug 2024	56.33	55.20	60.69	54.02	1.96 times
28 Wed Aug 2024	55.18	53.20	57.02	53.20	1.104 times
27 Tue Aug 2024	56.58	56.98	56.98	55.21	0.271 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 57.1 as stoploss in an intra day sell trade for a target of 55.37. However, stock will show a bullish move above 57.1.

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
Downside Target	56.10
Upside Target	57.90
Upside Target	59.98
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	54.97
Downside Intraday Target	53.6
Upside Intraday Target	58.85
Upside Intraday Target	61.36
Upside Intraday Target	57.48

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Sep 2024	56.35	59.98	59.98	56.10	0.043 times
06 Fri Sep 2024	58.74	56.00	60.00	54.51	1.533 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

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
09 Mon Sep 2024	56.35	56.00	60.00	54.51	0.422 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 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 gaining momentum.

MACD generated a BUY signal for Raj Oil in short term and the buy signal is strong.

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. Bulls are getting tired and bears 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 SELL signal for Raj Oil in short term but SELL signal is weak.

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 56.71 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.