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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 2024-11-14 View latest technical analysis

10 day averaged volume of Raj Oil is 5587

Date	Daily Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	48.61	50.51	50.90	48.11	1.004 times
13 Wed Nov 2024	49.44	50.20	51.24	49.01	0.969 times
12 Tue Nov 2024	49.26	51.00	51.00	48.51	0.598 times
11 Mon Nov 2024	50.08	51.00	51.00	49.80	0.143 times
08 Fri Nov 2024	50.65	50.08	50.99	50.02	0.479 times
07 Thu Nov 2024	50.08	50.60	51.14	50.05	1.797 times
06 Wed Nov 2024	50.61	52.40	52.40	50.30	0.805 times
05 Tue Nov 2024	51.34	49.97	51.60	49.97	0.638 times
04 Mon Nov 2024	50.01	51.40	52.79	49.35	2.622 times
01 Fri Nov 2024	50.95	51.49	55.00	50.65	0.997 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 48.7, but if it comes above 48.7, then a intra day buy could be more profitable.
If you take a sell trade below 48.7, then use 48.7 as stoploss and 47.2 as target. However if you take a buy trade in stock , then use 48.7 as stoploss and 50.05 as target.

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	43.10
Downside Target	46.10
Downside Target	48.11
Upside Target	51.24
Upside Target	53.50
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	47.4
Downside Intraday Target	46.19
Upside Intraday Target	50.53
Upside Intraday Target	52.45
Upside Intraday Target	49.32

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
14 Thu Nov 2024	48.61	51.00	51.24	48.11	0.428 times
08 Fri Nov 2024	50.65	51.40	52.79	49.35	1.2 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

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 Thu Nov 2024	48.61	51.49	55.00	48.11	0.141 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 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 SELL signal for Raj Oil in short term and the sell signal is strong.

Raj Oil Stock is trading near its recent LOWS in short term which reflects strong selling momentum. 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 and SELL signal is strong!

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 50.04 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.