(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 2024-04-15 View latest technical analysis
10 day averaged volume of Rama Steel is 13502284
Date | Daily Closing Price | Open | High | Low | Volume |
15 Mon Apr 2024 | 12.15 | 12.40 | 12.40 | 12.00 | 0.633 times |
12 Fri Apr 2024 | 12.65 | 12.90 | 12.90 | 12.45 | 0.811 times |
10 Wed Apr 2024 | 12.80 | 13.05 | 13.05 | 12.70 | 0.514 times |
09 Tue Apr 2024 | 12.90 | 13.30 | 13.30 | 12.80 | 1.1 times |
08 Mon Apr 2024 | 13.30 | 13.25 | 13.70 | 13.00 | 0.795 times |
05 Fri Apr 2024 | 13.15 | 13.25 | 13.30 | 13.00 | 0.624 times |
04 Thu Apr 2024 | 13.35 | 13.50 | 13.65 | 13.10 | 0.957 times |
03 Wed Apr 2024 | 13.85 | 14.15 | 14.30 | 13.80 | 1.217 times |
02 Tue Apr 2024 | 14.00 | 14.30 | 14.45 | 13.90 | 0.691 times |
01 Mon Apr 2024 | 14.30 | 14.40 | 14.70 | 14.10 | 0.576 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 8.2 as stoploss in an intra day buy trade for a target of 17.34. However, stock will show a bearish move below 8.2.
Share price targets for Rama Steel (RAMASTEEL)
Target Type | Value |
Downside Target | 12.00 |
Upside Target | 12.40 |
Upside Target | 13.00 |
Upside Target | 13.70 |
Upside Target | 14.70 |
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 | 11.97 |
Downside Intraday Target | 11.78 |
Upside Intraday Target | 12.37 |
Upside Intraday Target | 12.58 |
Upside Intraday Target | 12.18 |
Weekly technical analysis of Rama Steel (RAMASTEEL)
Date | Weekly Closing Price | Open | High | Low | Volume |
15 Mon Apr 2024 | 12.15 | 12.40 | 12.40 | 12.00 | 0.197 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 |
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 |
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 |
15 Mon Apr 2024 | 12.15 | 14.40 | 14.70 | 12.00 | 0.242 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 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 BUY signal in short term and the buying is gaining 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 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 13.27 and Rama Steel (RAMASTEEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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.
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 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 BUY signal in short term and the buying is gaining 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 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 13.27 and Rama Steel (RAMASTEEL) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
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.
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Daily charts
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