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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 2024-04-24 View latest technical analysis

10 day averaged volume of Shree Rama is 564714

Date	Daily Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	22.00	22.00	22.50	21.90	0.508 times
23 Tue Apr 2024	22.05	22.05	22.90	21.80	0.435 times
22 Mon Apr 2024	22.45	23.05	23.20	21.60	0.657 times
19 Fri Apr 2024	22.10	22.00	22.25	20.90	0.614 times
18 Thu Apr 2024	22.15	21.40	23.10	21.15	3.518 times
16 Tue Apr 2024	21.00	19.10	21.00	18.50	2.31 times
15 Mon Apr 2024	19.10	17.80	19.30	17.30	0.652 times
12 Fri Apr 2024	18.90	19.05	19.90	18.30	0.423 times
10 Wed Apr 2024	19.35	19.55	20.20	19.20	0.299 times
09 Tue Apr 2024	19.50	19.95	20.90	19.40	0.441 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 21.6, but if it comes below 21.6, then a intra day sell could be more profitable.
If you take a sell trade below 21.6, then use 21.6 as stoploss and 18.97 as target. However if you take a buy trade in stock , then use 21.6 as stoploss and 24.7 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	17.30
Downside Target	18.30
Downside Target	19.80
Downside Target	20.70
Downside Target	21.25
Downside Target	21.55
Downside Target	21.60
Upside Target	23.10
Upside Target	23.20
Upside Target	24.35

Intraday share price targets for Shree Rama (RAMANEWS)

Target Type	Value
Downside Intraday Target	21.33
Downside Intraday Target	20.67
Upside Intraday Target	22.93
Upside Intraday Target	23.87
Upside Intraday Target	22.27

Weekly technical analysis of Shree Rama (RAMANEWS)

Date	Weekly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	22.00	23.05	23.20	21.60	0.226 times
19 Fri Apr 2024	22.10	17.80	23.10	17.30	3.91 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

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 Shree Rama (RAMANEWS)

Date	Monthly Closing Price	Open	High	Low	Volume
24 Wed Apr 2024	22.00	14.50	23.20	14.40	1.819 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, and volume has increased substantially. This means that the move can 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 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 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 negative, but trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Shree Rama stock for short term is BUY. Signal strength is Strong and stock is losing 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 tired and bears are picking up momentum.

Ichimoku cloud is of green color and prices are above the green cloud Prices appear to be coming down

CCI has generated a SELL signal for Shree Rama in short term but SELL signal is weak.

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 Shree Rama is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 21.34 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.