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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 2024-10-24 View latest technical analysis

10 day averaged volume of Raj Oil is 14468

Date	Daily Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	53.22	50.03	53.22	47.98	1.18 times
23 Wed Oct 2024	48.39	48.32	48.80	46.54	0.155 times
22 Tue Oct 2024	47.28	49.51	49.51	47.02	0.082 times
21 Mon Oct 2024	47.90	49.34	51.88	46.10	0.885 times
18 Fri Oct 2024	50.34	49.95	51.50	49.69	0.509 times
17 Thu Oct 2024	50.82	52.44	52.44	50.32	0.219 times
16 Wed Oct 2024	51.18	50.92	52.38	50.70	0.772 times
15 Tue Oct 2024	51.94	51.24	53.50	51.12	1.835 times
14 Mon Oct 2024	51.54	52.50	52.50	50.70	2.111 times
11 Fri Oct 2024	51.71	50.25	52.47	50.25	2.565 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 53.7 as stoploss in an intra day sell trade for a target of 51.62. However, stock will show a bullish move above 53.7.

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	41.00
Downside Target	43.10
Downside Target	46.10
Downside Target	48.70
Downside Target	52.00
Upside Target	54.50
Upside Target	55.49
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	48.47
Downside Intraday Target	43.73
Upside Intraday Target	55.59
Upside Intraday Target	57.97
Downside Intraday Target	50.85

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Thu Oct 2024	53.22	49.34	53.22	46.10	0.423 times
18 Fri Oct 2024	50.34	52.50	53.50	49.69	0.64 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

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
24 Thu Oct 2024	53.22	55.00	55.49	46.10	0.402 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 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 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 negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this 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 BUY signal for Raj Oil in short term but the buy signal is initial and weak.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Raj Oil in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 51.35 and Raj Oil (ROML) stock is trading above this level. This is a good sign for the stock and it could move higher. VWAP is rising upwards.

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 is giving positive 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.