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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 2024-10-25 View latest technical analysis

10 day averaged volume of Raj Oil is 14922

Date	Daily Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	49.67	55.90	58.52	48.21	7.289 times
24 Thu Oct 2024	53.22	50.03	53.22	47.98	1.144 times
23 Wed Oct 2024	48.39	48.32	48.80	46.54	0.15 times
22 Tue Oct 2024	47.28	49.51	49.51	47.02	0.08 times
21 Mon Oct 2024	47.90	49.34	51.88	46.10	0.858 times
18 Fri Oct 2024	50.34	49.95	51.50	49.69	0.493 times
17 Thu Oct 2024	50.82	52.44	52.44	50.32	0.212 times
16 Wed Oct 2024	51.18	50.92	52.38	50.70	0.749 times
15 Tue Oct 2024	51.94	51.24	53.50	51.12	1.779 times
14 Mon Oct 2024	51.54	52.50	52.50	50.70	2.047 times

Stock of Raj Oil (ROML) has showed a significant fall. This could be a good time to exit from this stock.

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 49.4 as stoploss in an intra day buy trade for a target of 51.37. However, stock will show a bearish move below 49.4.

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
Upside Target	52.00
Upside Target	55.49
Upside Target	58.52
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	44.34
Downside Intraday Target	39.01
Upside Intraday Target	56.76
Upside Intraday Target	63.85
Upside Intraday Target	51.43

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
25 Fri Oct 2024	49.67	49.34	58.52	46.10	1.803 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 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
25 Fri Oct 2024	49.67	55.00	58.52	46.10	0.567 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 buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

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 to mid 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 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 BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Raj Oil in short term but the buy signal is initial and weak.

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. Bulls are getting stronger in this stock.

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 and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing 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 50.46 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.