(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 2024-03-06 View latest technical analysis
10 day averaged volume of Rama Steel is 5596709
Date | Daily Closing Price | Open | High | Low | Volume |
06 Wed Mar 2024 | 40.25 | 39.60 | 41.00 | 37.90 | 1.461 times |
05 Tue Mar 2024 | 39.55 | 39.00 | 39.70 | 38.65 | 0.655 times |
04 Mon Mar 2024 | 39.20 | 40.55 | 41.20 | 37.40 | 0.607 times |
02 Sat Mar 2024 | 40.35 | 40.80 | 41.25 | 40.00 | 0.181 times |
01 Fri Mar 2024 | 40.40 | 40.35 | 41.25 | 40.15 | 1.29 times |
29 Thu Feb 2024 | 40.05 | 40.75 | 40.80 | 38.80 | 1.613 times |
28 Wed Feb 2024 | 40.65 | 42.45 | 42.60 | 40.55 | 0.691 times |
27 Tue Feb 2024 | 42.15 | 42.40 | 43.10 | 42.00 | 0.531 times |
26 Mon Feb 2024 | 42.25 | 42.90 | 43.40 | 42.00 | 0.638 times |
23 Fri Feb 2024 | 42.60 | 44.50 | 45.00 | 42.50 | 2.112 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 39.6 as stoploss in an intra day buy trade for a target of 41.14. However, stock will show a bearish move below 39.6.
Share price targets for Rama Steel (RAMASTEEL)
Target Type | Value |
Downside Target | 32.95 |
Downside Target | 34.75 |
Downside Target | 35.95 |
Downside Target | 37.40 |
Downside Target | 38.55 |
Downside Target | 40.00 |
Upside Target | 41.35 |
Upside Target | 43.40 |
Upside Target | 43.55 |
Upside Target | 45.30 |
Upside Target | 45.50 |
Upside Target | 45.90 |
Upside Target | 50.50 |
Intraday share price targets for Rama Steel (RAMASTEEL)
Target Type | Value |
Downside Intraday Target | 38.03 |
Downside Intraday Target | 35.82 |
Upside Intraday Target | 41.83 |
Upside Intraday Target | 43.42 |
Downside Intraday Target | 39.62 |
Weekly technical analysis of Rama Steel (RAMASTEEL)
Date | Weekly Closing Price | Open | High | Low | Volume |
06 Wed Mar 2024 | 40.25 | 40.55 | 41.20 | 37.40 | 0.551 times |
02 Sat Mar 2024 | 40.35 | 42.90 | 43.40 | 38.80 | 0.341 times |
23 Fri Feb 2024 | 42.60 | 39.60 | 45.30 | 38.55 | 1.944 times |
16 Fri Feb 2024 | 39.40 | 42.90 | 43.55 | 39.00 | 1.225 times |
09 Fri Feb 2024 | 42.65 | 44.50 | 45.50 | 41.35 | 0.329 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 |
06 Wed Mar 2024 | 40.25 | 40.35 | 41.25 | 37.40 | 0.113 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 |
29 Fri Dec 2023 | 36.00 | 37.85 | 40.00 | 34.75 | 0.924 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 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Rama Steel ( (RAMASTEEL) ) based on a mid to longer 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.
ADX buy sell signal for Rama Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Rama Steel in short term and the sell signal is strong.
Rama Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Rama Steel in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 40.9 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 neutral. A longer time frame might give a better analysis.
Price action analysis of Rama Steel ( (RAMASTEEL) ) based on a mid to longer 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.
ADX buy sell signal for Rama Steel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Rama Steel in short term and the sell signal is strong.
Rama Steel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are weakening, and bulls are picking up momentum!
Ichimoku cloud is of red color and prices are below the red cloud Prices appear to be moving up
CCI has generated a buy signal for Rama Steel in short term but BUY signal is weak.
RSI is generating a BUY signal in short term but buying is losing momentum.
MRSI is in positive zone. This is a BUY 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 40.9 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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