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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 2024-12-30 View latest technical analysis

10 day averaged volume of Raj Oil is 6958

Date	Daily Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	51.69	51.86	52.98	51.21	0.371 times
27 Fri Dec 2024	51.86	53.88	53.89	51.50	0.869 times
26 Thu Dec 2024	52.59	53.25	54.32	51.52	0.575 times
24 Tue Dec 2024	52.91	52.44	55.00	51.51	1.008 times
23 Mon Dec 2024	51.93	52.15	52.79	51.21	1.112 times
20 Fri Dec 2024	52.06	56.10	56.10	52.00	1.427 times
19 Thu Dec 2024	55.71	53.72	56.24	52.01	1.136 times
18 Wed Dec 2024	54.72	57.00	57.00	54.40	0.676 times
17 Tue Dec 2024	56.15	58.50	58.50	56.10	0.443 times
16 Mon Dec 2024	57.42	56.38	58.94	55.54	1.66 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 52.8, but if it comes above 52.8, then a intra day buy could be more profitable.
If you take a sell trade below 52.8, then use 52.8 as stoploss and 49.8 as target. However if you take a buy trade in stock , then use 52.8 as stoploss and 55.32 as target.

Share price targets for Raj Oil (ROML)

Target Type	Value
Downside Target	46.10
Downside Target	47.76
Downside Target	51.21
Upside Target	54.99
Upside Target	56.08
Upside Target	58.52
Upside Target	58.94
Upside 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	50.94
Downside Intraday Target	50.19
Upside Intraday Target	52.71
Upside Intraday Target	53.73
Upside Intraday Target	51.96

Weekly technical analysis of Raj Oil (ROML)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Mon Dec 2024	51.69	51.86	52.98	51.21	0.104 times
27 Fri Dec 2024	51.86	52.15	55.00	51.21	0.667 times
20 Fri Dec 2024	52.06	56.38	58.94	52.00	0.245 times
13 Fri Dec 2024	55.26	58.74	62.00	54.99	0.363 times
06 Fri Dec 2024	58.74	56.85	67.15	52.50	10.383 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
30 Mon Dec 2024	51.69	56.85	67.15	51.21	6.015 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 down 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Raj Oil stock for short term is BUY. 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 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 53.93 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 positive

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