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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 2024-10-03 View latest technical analysis

10 day averaged volume of Raj Oil is 14851

Date	Daily Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	53.15	54.61	55.17	52.00	0.81 times
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	0.614 times
27 Fri Sep 2024	54.00	55.33	55.33	53.13	0.887 times
26 Thu Sep 2024	54.73	54.90	55.49	54.35	0.791 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

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 52.6, for a target of 54.2 or 55.43

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	41.00
Downside Target	43.10
Downside Target	48.70
Downside Target	52.00
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	51.64
Downside Intraday Target	50.12
Upside Intraday Target	55.03
Upside Intraday Target	56.9
Upside Intraday Target	53.51

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Thu Oct 2024	53.15	54.01	55.39	52.00	0.739 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 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
03 Thu Oct 2024	53.15	55.00	55.39	52.00	0.027 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this 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 SELL. Signal strength is Strong and stock is gaining 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 coming down

CCI has generated a SELL signal for Raj Oil in short term and SELL signal is strong!

RSI is generating a BUY signal in short term but buying is losing 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 54.32 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 negative.

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