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(ROML_BE) Raj Oil complete technical analysis [charts+indicators] | Buy/Sell Raj Oil | (ROML_BE) share price targets

Complete technical analysis of Raj Oil (ROML_BE) by charts plus indicators, forecast predictions and share price targets for Raj Oil (ROML_BE)

10 day averaged volume of Raj Oil is 7388

Date Daily Closing Price Open High Low Volume
16 Fri Apr 2021 93.30 99.45 100.00 92.65 0.586 times
15 Thu Apr 2021 97.50 96.95 98.50 91.00 0.598 times
13 Tue Apr 2021 95.30 95.00 104.00 94.45 0.903 times
12 Mon Apr 2021 99.40 98.40 99.45 96.40 0.182 times
09 Fri Apr 2021 101.45 110.95 110.95 101.10 1.192 times
08 Thu Apr 2021 106.40 101.45 108.50 99.50 1.114 times
07 Wed Apr 2021 103.50 97.80 104.75 95.50 1.683 times
06 Tue Apr 2021 99.80 97.00 99.85 91.00 1.157 times
05 Mon Apr 2021 95.10 95.95 96.00 88.65 0.87 times
01 Thu Apr 2021 93.05 93.00 93.30 84.65 0.843 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 93.4, but if it comes above 93.4, then a intra day buy could be more profitable.
If you take a sell trade below 93.4, then use 93.4 as stoploss and 87.1 as target. However if you take a buy trade in stock , then use 93.4 as stoploss and 98.67 as target.

Share price targets for Raj Oil (ROML_BE)

Target Type Value
Downside Target 78.25
Downside Target 84.65
Downside Target 87.60
Downside Target 91.00
Upside Target 96.00
Upside Target 100.40
Upside Target 104.00
Upside Target 108.45
Upside Target 110.95
Upside Target 124.95
Upside Target 127.20
Upside Target 130.25
Upside Target 170.35

Intraday share price targets for Raj Oil (ROML_BE)

Target Type Value
Downside Intraday Target 88.2
Downside Intraday Target 83.1
Upside Intraday Target 101.2
Upside Intraday Target 109.1
Upside Intraday Target 96.1

Weekly technical analysis of Raj Oil (ROML_BE)

Date Weekly Closing Price Open High Low Volume
16 Fri Apr 2021 93.30 98.40 104.00 91.00 0.377 times
09 Fri Apr 2021 101.45 95.95 110.95 88.65 1.518 times
01 Thu Apr 2021 93.05 92.50 96.00 84.65 0.799 times
26 Fri Mar 2021 97.00 108.45 108.45 91.20 1.031 times
19 Fri Mar 2021 104.30 120.00 124.95 100.40 1.449 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_BE)

Date Monthly Closing Price Open High Low Volume
16 Fri Apr 2021 93.30 93.00 110.95 84.65 0.382 times
31 Wed Mar 2021 88.90 107.20 130.25 87.60 0.492 times
25 Thu Feb 2021 97.25 133.55 170.35 92.50 22.562 times
29 Fri Jan 2021 127.20 78.25 127.20 78.25 0 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_BE)

Indicator Name Indicator Value Indicator Signal
ADX 24, 22, 4 Buy
MACD -8, -8Buy
Stochastics 41None
CCI -47Sell
RSI 51Buy
OBV -40910Sell
VWAP 99Sell
ADL 0Sell
ROC 5Buy
Force Index 0Sell

Price action analysis of Raj Oil ( (ROML_BE) ) 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_BE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Raj Oil ( (ROML_BE) ) based on a short to mid 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_BE) ) 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 Weak and stock is gaining 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 in or above 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 but buying 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 99.41 and Raj Oil (ROML_BE) 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_BE) stock. Volume based technical analysis of Raj Oil (ROML_BE) 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.

Click here for Raj Oil charts

Click here for further forecast and predictions for tomorrow

Daily charts

Daily Technical Analysis Weekly Analysis Monthly Analysis Renko chart MACD chart Bollinger Bands chart Stochastics charts Force Index charts

Daily chart
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