Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

(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 2024-10-09 View latest technical analysis

10 day averaged volume of Raj Oil is 9491

Date	Daily Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	51.01	50.50	52.98	50.50	5.034 times
08 Tue Oct 2024	50.80	50.03	53.04	50.03	1.427 times
07 Mon Oct 2024	51.25	54.50	54.50	49.22	1.281 times
04 Fri Oct 2024	53.56	53.95	55.49	52.60	1.235 times
03 Thu Oct 2024	53.15	54.61	55.17	52.00	1.267 times
01 Tue Oct 2024	54.47	55.00	55.39	53.52	0.599 times
30 Mon Sep 2024	53.85	54.01	54.44	53.02	0.961 times
27 Fri Sep 2024	54.00	55.33	55.33	53.13	1.388 times
26 Thu Sep 2024	54.73	54.90	55.49	54.35	1.238 times
25 Wed Sep 2024	54.34	54.53	55.24	54.24	0.26 times

Stock of Raj Oil (ROML) has showed a significant upmove. This could be a good time to enter in this stock!

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 50.7, for a target of 52.7 or 54.36

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	41.00
Downside Target	43.10
Downside Target	48.70
Upside Target	52.00
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	48.65
Downside Intraday Target	46.3
Upside Intraday Target	53.93
Upside Intraday Target	56.86
Upside Intraday Target	51.58

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	51.01	54.50	54.50	49.22	1.906 times
04 Fri Oct 2024	53.56	54.01	55.49	52.00	1.061 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Raj Oil (ROML)

Date	Monthly Closing Price	Open	High	Low	Volume
09 Wed Oct 2024	51.01	55.00	55.49	49.22	0.156 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 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 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 getting stronger in this stock.

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 SELL signal in short term and selling is picking up 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 52.39 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.