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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 2024-10-10 View latest technical analysis

10 day averaged volume of Raj Oil is 13944

Date	Daily Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	51.32	51.83	52.45	50.48	0.899 times
09 Wed Oct 2024	51.01	50.50	52.98	50.50	3.427 times
08 Tue Oct 2024	50.80	50.03	53.04	50.03	0.972 times
07 Mon Oct 2024	51.25	54.50	54.50	49.22	0.872 times
04 Fri Oct 2024	53.56	53.95	55.49	52.60	0.841 times
03 Thu Oct 2024	53.15	54.61	55.17	52.00	0.863 times
01 Tue Oct 2024	54.47	55.00	55.39	53.52	0.408 times
30 Mon Sep 2024	53.85	54.01	54.44	53.02	0.654 times
27 Fri Sep 2024	54.00	55.33	55.33	53.13	0.945 times
26 Thu Sep 2024	54.73	54.90	55.49	54.35	0.843 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 52.4, but if it comes above 52.4, then a intra day buy could be more profitable.
If you take a sell trade below 52.4, then use 52.4 as stoploss and 50.3 as target. However if you take a buy trade in stock , then use 52.4 as stoploss and 54.11 as target.

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	48.86
Downside Intraday Target	46.4
Upside Intraday Target	54.14
Upside Intraday Target	56.96
Upside Intraday Target	51.68

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Thu Oct 2024	51.32	54.50	54.50	49.22	2.231 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
10 Thu Oct 2024	51.32	55.00	55.49	49.22	0.175 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 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 SELL signal for Raj Oil in short term and SELL signal is strong!

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 52.27 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.