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(RAMASTEEL) Rama Steel complete technical analysis [charts+indicators] | Buy/Sell Rama Steel | (RAMASTEEL) share price targets

Complete technical analysis of Rama Steel (RAMASTEEL) by charts plus indicators, forecast predictions and share price targets for Rama Steel (RAMASTEEL)

10 day averaged volume of Rama Steel is 20818955

Date	Daily Closing Price	Open	High	Low	Volume
03 Fri May 2024	13.05	13.00	13.20	12.90	0.461 times
02 Thu May 2024	12.95	13.35	13.40	12.85	0.972 times
30 Tue Apr 2024	13.30	13.60	13.60	13.15	0.449 times
29 Mon Apr 2024	13.50	13.85	13.90	13.45	0.63 times
26 Fri Apr 2024	13.70	13.85	13.95	13.65	0.602 times
25 Thu Apr 2024	13.75	14.00	14.15	13.65	0.957 times
24 Wed Apr 2024	14.00	14.40	14.40	13.85	1.587 times
23 Tue Apr 2024	13.65	13.35	13.80	13.30	2.421 times
22 Mon Apr 2024	12.80	12.30	13.10	12.15	1.509 times
19 Fri Apr 2024	12.25	12.25	12.45	11.95	0.273 times

My analysis of stock is bearish for shortterm, and stock might move down till 12.5 or till 11.8. Use a stoploss of 13.07 and if the stock hits stoploss, then it can shoot up till 13.65

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	11.70
Downside Target	12.15
Downside Target	12.45
Upside Target	13.40
Upside Target	13.70
Upside Target	14.40
Upside Target	14.70
Upside Target	35.95
Upside Target	38.55
Upside Target	42.90
Upside Target	45.90
Upside Target	50.50

Intraday share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Intraday Target	12.63
Downside Intraday Target	12.22
Upside Intraday Target	13.68
Upside Intraday Target	14.32
Upside Intraday Target	13.27

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
03 Fri May 2024	13.05	13.85	13.90	12.85	0.355 times
26 Fri Apr 2024	13.70	12.30	14.40	12.15	3.557 times
19 Fri Apr 2024	12.25	12.40	12.65	11.70	0.953 times
12 Fri Apr 2024	12.65	13.25	13.70	12.45	0.792 times
05 Fri Apr 2024	13.15	14.40	14.70	13.00	0.392 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 Rama Steel (RAMASTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
03 Fri May 2024	13.05	13.35	13.40	12.85	0.096 times
30 Tue Apr 2024	13.30	14.40	14.70	11.70	0.702 times
28 Thu Mar 2024	14.40	40.35	42.90	12.60	2.119 times
29 Thu Feb 2024	40.05	45.10	45.90	38.55	0.543 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 Rama Steel (RAMASTEEL)

Price action analysis of Rama Steel ( (RAMASTEEL) ) 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 Rama Steel ( (RAMASTEEL) ) 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 Rama Steel ( (RAMASTEEL) ) 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 Rama Steel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Rama Steel 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.

Rama Steel 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 below the red cloud Prices appear to be moving up

CCI has generated a SELL signal for Rama Steel 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 Rama Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.43 and Rama Steel (RAMASTEEL) 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 Rama Steel (RAMASTEEL) stock. Volume based technical analysis of Rama Steel (RAMASTEEL) stock is negative.

Rama Steel 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.