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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 2024-11-28 View latest technical analysis

10 day averaged volume of Raj Oil is 4031

Date	Daily Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	54.94	52.67	55.55	51.65	4.051 times
27 Wed Nov 2024	52.66	50.92	52.80	50.90	2.261 times
26 Tue Nov 2024	50.89	51.45	51.48	49.05	1.342 times
25 Mon Nov 2024	49.90	50.00	50.06	49.21	0.608 times
22 Fri Nov 2024	49.92	50.89	50.89	49.00	0.95 times
21 Thu Nov 2024	49.89	50.88	50.88	48.10	0.247 times
19 Tue Nov 2024	49.78	49.24	50.19	48.71	0.434 times
18 Mon Nov 2024	49.24	48.11	49.87	47.76	0.595 times
14 Thu Nov 2024	48.61	50.51	50.90	48.11	1.391 times
13 Wed Nov 2024	49.44	50.20	51.24	49.01	1.343 times

Stock of Raj Oil (ROML) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 53.5, for a target of 51.8 or 50.5

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	43.10
Downside Target	46.10
Downside Target	47.76
Downside Target	50.89
Downside Target	53.02
Upside Target	55.00
Upside Target	55.55
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	50.81
Downside Intraday Target	46.68
Upside Intraday Target	57.31
Upside Intraday Target	59.68
Downside Intraday Target	53.18

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
28 Thu Nov 2024	54.94	50.00	55.55	49.05	3.712 times
22 Fri Nov 2024	49.92	48.11	50.89	47.76	0.592 times
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

Price has moved up 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
28 Thu Nov 2024	54.94	51.49	55.55	47.76	0.248 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 up 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 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 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 and the buy signal is strong.

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

Raj Oil Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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 negative zone. This is the SELL 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 51.8 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.