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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 2024-07-30 View latest technical analysis

10 day averaged volume of Raj Oil is 4669

Date	Daily Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	51.26	50.49	51.50	49.50	1.247 times
29 Mon Jul 2024	49.92	50.90	50.90	49.23	0.489 times
26 Fri Jul 2024	49.83	49.99	51.25	49.67	0.829 times
25 Thu Jul 2024	49.99	50.11	50.85	49.55	0.466 times
24 Wed Jul 2024	50.11	49.50	50.70	49.50	0.456 times
23 Tue Jul 2024	50.44	49.80	50.68	49.11	2.178 times
22 Mon Jul 2024	49.80	50.50	51.45	49.26	0.677 times
19 Fri Jul 2024	50.00	50.68	51.59	49.80	1.364 times
18 Thu Jul 2024	50.68	51.99	51.99	50.00	0.738 times
16 Tue Jul 2024	51.25	51.00	51.88	51.00	1.118 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 51.6 as stoploss in an intra day sell trade for a target of 50.85. However, stock will show a bullish move above 51.6.

Share price targets for Raj Oil (ROML_BE)

Target Type	Value
Downside Target	44.85
Downside Target	49.11
Downside Target	51.00
Upside Target	52.50
Upside Target	52.98
Upside Target	57.05
Upside Target	64.10
Upside Target	71.15
Upside Target	77.00

Intraday share price targets for Raj Oil (ROML_BE)

Target Type	Value
Downside Intraday Target	49.83
Downside Intraday Target	48.39
Upside Intraday Target	52.1
Upside Intraday Target	52.93
Downside Intraday Target	50.66

Weekly technical analysis of Raj Oil (ROML_BE)

Date	Weekly Closing Price	Open	High	Low	Volume
30 Tue Jul 2024	51.26	50.90	51.50	49.23	0.377 times
26 Fri Jul 2024	49.83	50.50	51.45	49.11	0.939 times
19 Fri Jul 2024	50.00	51.94	51.99	49.80	0.549 times
12 Fri Jul 2024	51.50	51.25	52.50	49.68	1.713 times
05 Fri Jul 2024	51.70	51.25	52.98	51.00	0.882 times

Price has moved up 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
30 Tue Jul 2024	51.26	51.25	52.98	49.11	0.538 times
28 Fri Jun 2024	52.00	55.10	57.05	49.20	0.676 times
31 Fri May 2024	55.85	71.15	71.15	51.20	14.467 times
30 Tue Apr 2024	71.15	77.00	77.00	71.15	0.33 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 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 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_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 SELL. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Raj Oil in short term but the buy signal is initial and weak.

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. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Raj Oil in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 50.43 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 falling down

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.