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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 2024-10-01 View latest technical analysis

10 day averaged volume of Raj Oil is 14840

Date	Daily Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	54.47	55.00	55.39	53.52	0.383 times
30 Mon Sep 2024	53.85	54.01	54.44	53.02	0.615 times
27 Fri Sep 2024	54.00	55.33	55.33	53.13	0.888 times
26 Thu Sep 2024	54.73	54.90	55.49	54.35	0.792 times
25 Wed Sep 2024	54.34	54.53	55.24	54.24	0.166 times
24 Tue Sep 2024	54.51	54.02	54.80	54.02	0.219 times
23 Mon Sep 2024	54.96	54.93	55.44	54.22	0.384 times
20 Fri Sep 2024	54.65	56.85	56.85	53.98	0.873 times
19 Thu Sep 2024	55.89	56.52	56.95	55.20	0.348 times
18 Wed Sep 2024	56.92	55.51	58.50	53.61	5.339 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 54.4 as stoploss in an intra day buy trade for a target of 55.61. However, stock will show a bearish move below 54.4.

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	41.00
Downside Target	43.10
Downside Target	48.70
Downside Target	52.20
Upside Target	55.39
Upside Target	55.49
Upside Target	58.50
Upside Target	59.98
Upside Target	60.00
Upside Target	64.33
Upside Target	83.20

Intraday share price targets for Raj Oil (ROML)

Target Type	Value
Downside Intraday Target	53.2
Downside Intraday Target	51.92
Upside Intraday Target	55.57
Upside Intraday Target	56.66
Downside Intraday Target	54.29

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
01 Tue Oct 2024	54.47	54.01	55.39	53.02	0.408 times
27 Fri Sep 2024	54.00	54.93	55.49	53.13	0.325 times
20 Fri Sep 2024	54.65	57.90	58.50	53.61	1.146 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

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
01 Tue Oct 2024	54.47	55.00	55.39	53.52	0.009 times
30 Mon Sep 2024	53.85	56.00	60.00	53.02	0.66 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

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 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 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 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 SELL. Signal strength is Weak and stock is losing momentum.

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

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 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 55.8 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.