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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 2024-11-04 View latest technical analysis

10 day averaged volume of Raj Oil is 17161

Date	Daily Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	50.01	51.40	52.79	49.35	0.854 times
01 Fri Nov 2024	50.95	51.49	55.00	50.65	0.325 times
31 Thu Oct 2024	50.47	53.80	53.80	50.01	0.311 times
30 Wed Oct 2024	51.37	51.14	51.85	50.25	0.424 times
29 Tue Oct 2024	50.75	52.02	52.31	50.67	0.145 times
28 Mon Oct 2024	50.67	48.75	51.98	48.65	0.516 times
25 Fri Oct 2024	49.67	55.90	58.52	48.21	6.338 times
24 Thu Oct 2024	53.22	50.03	53.22	47.98	0.995 times
23 Wed Oct 2024	48.39	48.32	48.80	46.54	0.131 times
22 Tue Oct 2024	47.28	49.51	49.51	47.02	0.069 times

My analysis of stock is bearish for shortterm, and stock might move down till 49.2 or till 47.6. Use a stoploss of 50.57 and if the stock hits stoploss, then it can shoot up till 51.93

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	43.10
Downside Target	46.10
Downside Target	48.65
Upside Target	52.20
Upside Target	54.50
Upside Target	55.00
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	48.64
Downside Intraday Target	47.28
Upside Intraday Target	52.08
Upside Intraday Target	54.16
Upside Intraday Target	50.72

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
04 Mon Nov 2024	50.01	51.40	52.79	49.35	0.496 times
01 Fri Nov 2024	50.95	48.75	55.00	48.65	0.208 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

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
04 Mon Nov 2024	50.01	51.49	55.00	49.35	0.051 times
31 Thu Oct 2024	50.47	55.00	58.52	46.10	0.603 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

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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in 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 BUY. Signal strength is Strong and stock is losing 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. Bears 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 SELL signal for Raj Oil in short term but SELL 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

Although the stock is in the SELL zone, but selling 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 50.22 and Raj Oil (ROML) stock is trading below this level. This means that stock is falling with high volumes. 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.