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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)

Showing technical analysis as on 2024-05-02 View latest technical analysis

10 day averaged volume of Raj Oil is 8996

Date	Daily Closing Price	Open	High	Low	Volume
02 Thu May 2024	67.60	71.15	71.15	67.60	1.23 times
30 Tue Apr 2024	71.15	77.00	77.00	71.15	2.502 times
27 Mon Feb 2023	44.85	44.85	44.85	44.85	0.027 times
20 Mon Feb 2023	47.20	47.20	48.00	47.20	0.977 times
13 Mon Feb 2023	49.65	51.80	51.80	49.35	0.628 times
10 Fri Feb 2023	51.80	51.80	51.85	47.15	2.51 times
09 Thu Feb 2023	49.40	49.40	49.40	49.40	0.267 times
08 Wed Feb 2023	64.10	64.10	64.10	64.10	0.756 times
07 Tue Feb 2023	61.05	61.00	61.05	61.00	1.222 times
06 Mon Feb 2023	58.15	53.20	58.15	53.20	0.843 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 69.9, for a target of 62.4 or 56.21

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	67.60
Upside Target	71.15
Upside Target	77.00

Intraday share price targets for Raj Oil (ROML_BE)

Target Type	Value
Downside Intraday Target	49.3
Downside Intraday Target	31
Upside Intraday Target	81.45
Upside Intraday Target	95.3
Downside Intraday Target	63.15

Weekly technical analysis of Raj Oil (ROML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
02 Thu May 2024	67.60	44.85	77.00	44.85	3.846 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
02 Thu May 2024	67.60	71.15	71.15	67.60	0.491 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 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 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_BE) ) 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 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 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 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 59.75 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.