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

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

Shree Rama trades in NSE in Paper & Paper Products sector.

Showing technical analysis as on 2024-04-16 View latest technical analysis

10 day averaged volume of Shree Rama is 513066

Date	Daily Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	21.00	19.10	21.00	18.50	2.542 times
15 Mon Apr 2024	19.10	17.80	19.30	17.30	0.717 times
12 Fri Apr 2024	18.90	19.05	19.90	18.30	0.466 times
10 Wed Apr 2024	19.35	19.55	20.20	19.20	0.329 times
09 Tue Apr 2024	19.50	19.95	20.90	19.40	0.485 times
08 Mon Apr 2024	19.75	21.55	21.55	19.60	0.717 times
05 Fri Apr 2024	20.85	19.55	21.25	18.80	3.167 times
04 Thu Apr 2024	19.55	17.95	20.20	17.10	2.801 times
03 Wed Apr 2024	17.30	16.95	17.60	16.55	0.588 times
02 Tue Apr 2024	16.60	16.05	16.75	15.80	0.3 times

Stock of Shree Rama (RAMANEWS) has showed a significant upmove. This could be a good time to enter in this stock!

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 19.4, but if it comes below 19.4, then a intra day sell could be more profitable.
If you take a sell trade below 19.4, then use 19.4 as stoploss and 17.34 as target. However if you take a buy trade in stock , then use 19.4 as stoploss and 22 as target.

Share price targets for Shree Rama (RAMANEWS)

Target Type	Value
Downside Target	14.40
Downside Target	15.75
Downside Target	16.15
Downside Target	16.50
Downside Target	17.30
Downside Target	18.30
Downside Target	19.80
Downside Target	20.70
Downside Target	20.80
Downside Target	21.00
Upside Target	21.25
Upside Target	21.55
Upside Target	24.35

Intraday share price targets for Shree Rama (RAMANEWS)

Target Type	Value
Downside Intraday Target	18.53
Downside Intraday Target	16.07
Upside Intraday Target	22.23
Upside Intraday Target	23.47
Downside Intraday Target	19.77

Weekly technical analysis of Shree Rama (RAMANEWS)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	21.00	17.80	21.00	17.30	1.632 times
12 Fri Apr 2024	18.90	21.55	21.55	18.30	0.274 times
05 Fri Apr 2024	20.85	14.50	21.25	14.40	6.278 times
28 Thu Mar 2024	14.65	16.00	16.15	14.50	0.493 times
22 Fri Mar 2024	15.75	15.65	16.50	14.55	0.979 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 Shree Rama (RAMANEWS)

Date	Monthly Closing Price	Open	High	Low	Volume
16 Tue Apr 2024	21.00	14.50	21.55	14.40	1.21 times
28 Thu Mar 2024	14.65	18.55	20.70	14.50	0.281 times
29 Thu Feb 2024	18.35	19.25	24.35	17.90	1.56 times
31 Wed Jan 2024	18.95	17.70	20.80	17.55	1.113 times

Scroll below to view daily charts

Price has moved up 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 Shree Rama (RAMANEWS)

Price action analysis of Shree Rama ( (RAMANEWS) ) 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 Shree Rama ( (RAMANEWS) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small

Price action analysis of Shree Rama ( (RAMANEWS) ) 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 Shree Rama ( (RAMANEWS) ) based on a mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.

ADX buy sell signal for Shree Rama stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Shree Rama 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.

Shree Rama Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a buy signal for Shree Rama 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Shree Rama is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 19.96 and Shree Rama (RAMANEWS) 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 Shree Rama (RAMANEWS) stock. Volume based technical analysis of Shree Rama (RAMANEWS) stock is negative.

Shree Rama 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.