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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 2024-09-18 View latest technical analysis

10 day averaged volume of Raj Oil is 42777

Date	Daily Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	56.92	55.51	58.50	53.61	1.852 times
17 Tue Sep 2024	55.51	57.00	57.00	55.25	0.13 times
16 Mon Sep 2024	56.11	57.90	57.90	56.00	0.206 times
13 Fri Sep 2024	55.48	55.75	56.87	55.21	0.329 times
12 Thu Sep 2024	55.74	56.91	56.95	55.65	0.359 times
11 Wed Sep 2024	56.20	57.24	57.24	55.56	0.406 times
10 Tue Sep 2024	56.00	56.35	57.88	55.69	0.776 times
09 Mon Sep 2024	56.35	59.98	59.98	56.10	0.41 times
06 Fri Sep 2024	58.74	57.47	59.80	56.00	2.784 times
05 Thu Sep 2024	57.06	58.51	60.00	56.00	2.073 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 56.11. 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
Upside Target	57.90
Upside Target	58.50
Upside Target	59.98
Upside Target	60.00
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	54.19
Downside Intraday Target	51.45
Upside Intraday Target	59.08
Upside Intraday Target	61.23
Downside Intraday Target	56.34

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
18 Wed Sep 2024	56.92	57.90	58.50	53.61	0.96 times
13 Fri Sep 2024	55.48	59.98	59.98	55.21	0.241 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

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
18 Wed Sep 2024	56.92	56.00	60.00	53.61	0.596 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 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 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 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 in or above the red cloud Prices appear to be moving up

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 but buying is losing momentum.

MRSI is in negative zone. This is the SELL 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 57.23 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 negative.

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.