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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)

Showing technical analysis as on 2024-04-10 View latest technical analysis

10 day averaged volume of Rama Steel is 22050916

Date	Daily Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	12.80	13.05	13.05	12.70	0.315 times
09 Tue Apr 2024	12.90	13.30	13.30	12.80	0.674 times
08 Mon Apr 2024	13.30	13.25	13.70	13.00	0.487 times
05 Fri Apr 2024	13.15	13.25	13.30	13.00	0.382 times
04 Thu Apr 2024	13.35	13.50	13.65	13.10	0.586 times
03 Wed Apr 2024	13.85	14.15	14.30	13.80	0.745 times
02 Tue Apr 2024	14.00	14.30	14.45	13.90	0.423 times
01 Mon Apr 2024	14.30	14.40	14.70	14.10	0.352 times
28 Thu Mar 2024	14.40	14.20	14.55	13.70	1.663 times
27 Wed Mar 2024	14.15	12.85	14.75	12.60	3.323 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 9.2 as stoploss in an intra day buy trade for a target of 19.7. However, stock will show a bearish move below 9.2.

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	12.60
Upside Target	13.00
Upside Target	13.70
Upside Target	14.70
Upside Target	32.50
Upside Target	34.75
Upside Target	35.95
Upside Target	38.55
Upside Target	39.40
Upside Target	40.00
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	12.43
Downside Intraday Target	12.07
Upside Intraday Target	13.43
Upside Intraday Target	14.07
Upside Intraday Target	13.07

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Wed Apr 2024	12.80	13.25	13.70	12.70	0.593 times
05 Fri Apr 2024	13.15	14.40	14.70	13.00	0.392 times
28 Thu Mar 2024	14.40	13.35	14.75	12.60	0.609 times
22 Fri Mar 2024	13.25	38.90	39.40	13.15	5.396 times
15 Fri Mar 2024	38.35	42.40	42.90	32.50	2.088 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
10 Wed Apr 2024	12.80	14.40	14.70	12.70	0.198 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
31 Wed Jan 2024	45.10	36.15	50.50	35.95	4.689 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 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 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 is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.

Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be coming down

CCI has generated a SELL signal for Rama Steel in short term and SELL signal is strong!

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL zone

Stock of Rama Steel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.89 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 has given negative 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.