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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 2024-10-14 View latest technical analysis

10 day averaged volume of Raj Oil is 17487

Date	Daily Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	51.54	52.50	52.50	50.70	1.747 times
11 Fri Oct 2024	51.71	50.25	52.47	50.25	2.122 times
10 Thu Oct 2024	51.32	51.83	52.45	50.48	0.717 times
09 Wed Oct 2024	51.01	50.50	52.98	50.50	2.732 times
08 Tue Oct 2024	50.80	50.03	53.04	50.03	0.775 times
07 Mon Oct 2024	51.25	54.50	54.50	49.22	0.695 times
04 Fri Oct 2024	53.56	53.95	55.49	52.60	0.67 times
03 Thu Oct 2024	53.15	54.61	55.17	52.00	0.688 times
01 Tue Oct 2024	54.47	55.00	55.39	53.52	0.325 times
30 Mon Sep 2024	53.85	54.01	54.44	53.02	0.522 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 51.9, but if it comes above 51.9, then a intra day buy could be more profitable.
If you take a sell trade below 51.9, then use 51.9 as stoploss and 49.7 as target. However if you take a buy trade in stock , then use 51.9 as stoploss and 53.71 as target.

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	41.00
Downside Target	43.10
Downside Target	48.70
Downside Target	50.70
Upside Target	52.00
Upside Target	55.49
Upside Target	58.50
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	50.66
Downside Intraday Target	49.78
Upside Intraday Target	52.46
Upside Intraday Target	53.38
Upside Intraday Target	51.58

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Mon Oct 2024	51.54	52.50	52.50	50.70	0.248 times
11 Fri Oct 2024	51.71	54.50	54.50	49.22	3.193 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

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
14 Mon Oct 2024	51.54	55.00	55.49	49.22	0.278 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 negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 buy signal for Raj Oil in short term but BUY signal is weak.

RSI is generating a SELL signal in short term but selling 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 51.78 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.