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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 9862

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	64.25	64.25	64.25	64.25	0.434 times
02 Thu May 2024	67.60	71.15	71.15	67.60	1.122 times
30 Tue Apr 2024	71.15	77.00	77.00	71.15	2.282 times
27 Mon Feb 2023	44.85	44.85	44.85	44.85	0.025 times
20 Mon Feb 2023	47.20	47.20	48.00	47.20	0.892 times
13 Mon Feb 2023	49.65	51.80	51.80	49.35	0.573 times
10 Fri Feb 2023	51.80	51.80	51.85	47.15	2.29 times
09 Thu Feb 2023	49.40	49.40	49.40	49.40	0.243 times
08 Wed Feb 2023	64.10	64.10	64.10	64.10	0.69 times
07 Tue Feb 2023	61.05	61.00	61.05	61.00	1.115 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 63, but if it comes below 63, then a intra day sell could be more profitable.
If you take a sell trade below 63, then use 63 as stoploss and 56.52 as target. However if you take a buy trade in stock , then use 63 as stoploss and 70.7 as target.

Share price targets for Raj Oil (ROML_BE)

Target Type	Value
Downside Target	44.85
Downside Target	47.15
Downside Target	49.35
Downside Target	51.80
Downside Target	52.85
Downside Target	55.15
Downside Target	56.90
Downside Target	61.00
Downside Target	64.00
Downside Target	64.25
Upside Target	71.15
Upside Target	77.00

Intraday share price targets for Raj Oil (ROML_BE)

Target Type	Value
Downside Intraday Target	47.07
Downside Intraday Target	29.88
Upside Intraday Target	79.22
Upside Intraday Target	94.18
Downside Intraday Target	62.03

Weekly technical analysis of Raj Oil (ROML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	64.25	44.85	77.00	44.85	4.334 times
20 Mon Feb 2023	47.20	47.20	48.00	47.20	1.557 times
13 Mon Feb 2023	49.65	51.80	51.80	49.35	0.112 times
10 Fri Feb 2023	51.80	53.20	64.10	47.15	9.305 times
03 Fri Feb 2023	55.40	54.50	56.90	52.85	0.806 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_BE)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	64.25	71.15	71.15	64.25	0.682 times
30 Tue Apr 2024	71.15	77.00	77.00	71.15	0.33 times
27 Mon Feb 2023	44.85	56.20	64.10	44.85	1.233 times
31 Tue Jan 2023	56.05	59.65	61.00	53.55	0.695 times

Scroll below to view daily charts

Price has moved down 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)

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 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_BE) ) based on a mid to longer 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

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 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 but SELL signal is weak.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Although the stock is in the BUY zone, but buying 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 60.08 and Raj Oil (ROML_BE) 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_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 positive

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