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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 2024-10-29 View latest technical analysis

10 day averaged volume of Raj Oil is 19919

Date	Daily Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	50.75	52.02	52.31	50.67	0.125 times
28 Mon Oct 2024	50.67	48.75	51.98	48.65	0.444 times
25 Fri Oct 2024	49.67	55.90	58.52	48.21	5.461 times
24 Thu Oct 2024	53.22	50.03	53.22	47.98	0.857 times
23 Wed Oct 2024	48.39	48.32	48.80	46.54	0.113 times
22 Tue Oct 2024	47.28	49.51	49.51	47.02	0.06 times
21 Mon Oct 2024	47.90	49.34	51.88	46.10	0.643 times
18 Fri Oct 2024	50.34	49.95	51.50	49.69	0.37 times
17 Thu Oct 2024	50.82	52.44	52.44	50.32	0.159 times
16 Wed Oct 2024	51.18	50.92	52.38	50.70	0.561 times

My analysis of stock is bearish for shortterm, and stock might move down till 49.3 or till 47.2. Use a stoploss of 51.05 and if the stock hits stoploss, then it can shoot up till 52.82

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	41.00
Downside Target	43.10
Downside Target	46.10
Downside Target	48.65
Upside Target	52.00
Upside Target	54.50
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	48.83
Downside Intraday Target	46.91
Upside Intraday Target	52.49
Upside Intraday Target	54.23
Downside Intraday Target	50.57

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Tue Oct 2024	50.75	48.75	52.31	48.65	0.08 times
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

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
29 Tue Oct 2024	50.75	55.00	58.52	46.10	0.584 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 positive! This means that there is a strong uptrend in the stock for the given time period. Buyers are extremely bullish on the stock.

Price action analysis of Raj Oil ( (ROML) ) based on a short to mid term time period is neutral. A longer time frame might give a better analysis.

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.

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 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 and BUY 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

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 50.07 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 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.