(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)
10 day averaged volume of Raj Oil is 236178
| Date | Daily Closing Price | Open | High | Low | Volume |
| 29 Mon Apr 2024 | 74.90 | 78.00 | 81.15 | 73.05 | 0.729 times |
| 26 Fri Apr 2024 | 79.65 | 78.15 | 83.20 | 75.65 | 6.457 times |
| 25 Thu Apr 2024 | 75.65 | 73.00 | 75.65 | 72.15 | 1.801 times |
| 24 Wed Apr 2024 | 63.05 | 52.20 | 63.05 | 51.80 | 0.589 times |
| 23 Tue Apr 2024 | 52.55 | 53.15 | 53.20 | 51.50 | 0.089 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 76.6, for a target of 64.1 or 53.64
Share price targets for Raj Oil (ROML)
| Target Type | Value |
| Downside Target | 41.00 |
| Downside Target | 43.10 |
| Downside Target | 45.60 |
| Downside Target | 48.50 |
| Downside Target | 50.50 |
| Downside Target | 51.75 |
| Downside Target | 52.50 |
| Downside Target | 53.20 |
| Downside Target | 53.45 |
| Downside Target | 73.05 |
| Upside Target | 81.15 |
| Upside Target | 83.20 |
Intraday share price targets for Raj Oil (ROML)
| Target Type | Value |
| Downside Intraday Target | 71.58 |
| Downside Intraday Target | 68.27 |
| Upside Intraday Target | 79.68 |
| Upside Intraday Target | 84.47 |
| Upside Intraday Target | 76.37 |
Weekly technical analysis of Raj Oil (ROML)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 29 Mon Apr 2024 | 74.90 | 78.00 | 81.15 | 73.05 | 0.08 times |
| 26 Fri Apr 2024 | 79.65 | 52.90 | 83.20 | 50.50 | 45.492 times |
| 19 Fri Apr 2024 | 50.90 | 47.75 | 53.45 | 46.20 | 1.884 times |
| 12 Fri Apr 2024 | 49.45 | 51.75 | 51.75 | 48.50 | 0.338 times |
| 05 Fri Apr 2024 | 49.90 | 43.10 | 52.50 | 43.10 | 2.095 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 |
| 29 Mon Apr 2024 | 74.90 | 43.10 | 83.20 | 43.10 | 14.704 times |
| 28 Thu Mar 2024 | 42.95 | 47.30 | 48.70 | 41.00 | 1.098 times |
| 29 Thu Feb 2024 | 47.20 | 48.20 | 52.00 | 45.95 | 0.51 times |
| 31 Wed Jan 2024 | 49.10 | 48.90 | 53.20 | 46.25 | 2.249 times |
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)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 58, 9, 72 | Buy |
| MACD | 11, 6 | Buy |
| Stochastics | 89 | Buy |
| CCI | 108 | Sell |
| RSI | 75 | Buy |
| OBV | 2025014 | Sell |
| VWAP | 76 | Sell |
| ADL | 0 | Sell |
| ROC | 51 | Buy |
| Force Index | 0 | Sell |
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 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 is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting tired and bears are picking up momentum.
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 but SELL signal is weak.
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 76.4 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 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.
Click here for further forecast and predictions for tomorrow
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