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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 2024-12-09 View latest technical analysis

10 day averaged volume of Raj Oil is 45745

Date	Daily Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	61.09	58.74	62.00	58.10	1.743 times
06 Fri Dec 2024	58.74	57.50	67.15	56.50	8.514 times
05 Thu Dec 2024	55.96	54.33	57.79	54.33	0.234 times
04 Wed Dec 2024	55.32	55.95	56.20	54.00	0.09 times
03 Tue Dec 2024	55.95	56.10	56.70	53.11	0.094 times
02 Mon Dec 2024	55.13	56.85	56.85	52.50	0.19 times
29 Fri Nov 2024	54.47	55.74	56.08	53.27	0.151 times
28 Thu Nov 2024	54.94	52.67	55.55	51.65	0.357 times
27 Wed Nov 2024	52.66	50.92	52.80	50.90	0.199 times
26 Tue Nov 2024	50.89	51.45	51.48	49.05	0.118 times

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 60.3, for a target of 56.1 or 52.6

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	46.10
Downside Target	47.76
Downside Target	50.89
Downside Target	56.08
Downside Target	58.10
Downside Target	58.52
Downside Target	60.00
Upside Target	62.00
Upside Target	64.33
Upside Target	67.15

Intraday share price targets for Raj Oil (ROML)

Target Type	Value
Downside Intraday Target	58.79
Downside Intraday Target	56.5
Upside Intraday Target	62.69
Upside Intraday Target	64.3
Downside Intraday Target	60.4

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
09 Mon Dec 2024	61.09	58.74	62.00	58.10	0.191 times
06 Fri Dec 2024	58.74	56.85	67.15	52.50	10.383 times
29 Fri Nov 2024	54.47	50.00	56.08	49.05	4.479 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

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
09 Mon Dec 2024	61.09	56.85	67.15	52.50	4.719 times
29 Fri Nov 2024	54.47	51.49	56.08	47.76	0.265 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

Scroll below to view daily charts

Price has moved up this month, and volume has increased substantially. This means that the move can 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 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 mid to longer 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.

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 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 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be moving up

CCI has generated a SELL signal for Raj Oil in short term but SELL signal is weak.

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

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 58.57 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.