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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 2024-08-21 View latest technical analysis

10 day averaged volume of Rama Steel is 14083577

Date	Daily Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	11.17	11.23	11.25	11.08	0.787 times
20 Tue Aug 2024	11.13	11.48	11.48	11.03	0.76 times
19 Mon Aug 2024	11.21	11.10	11.35	11.00	1.413 times
16 Fri Aug 2024	10.56	10.51	10.73	10.50	0.602 times
14 Wed Aug 2024	10.73	10.98	10.99	10.61	0.541 times
13 Tue Aug 2024	10.89	11.09	11.10	10.81	0.674 times
12 Mon Aug 2024	11.02	11.00	11.10	10.71	1.183 times
09 Fri Aug 2024	10.85	11.00	11.09	10.72	0.839 times
08 Thu Aug 2024	10.98	11.18	11.20	10.91	1.287 times
07 Wed Aug 2024	11.08	10.88	11.15	10.62	1.328 times

My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 11.2 as stoploss in an intra day sell trade for a target of 10.81. However, stock will show a bullish move above 11.2.

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	9.90
Downside Target	10.21
Downside Target	11.00
Upside Target	11.35
Upside Target	11.70
Upside Target	11.75
Upside Target	12.36
Upside Target	12.59
Upside Target	13.40
Upside Target	14.70

Intraday share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Intraday Target	10.95
Downside Intraday Target	10.74
Upside Intraday Target	11.43
Upside Intraday Target	11.7
Upside Intraday Target	11.22

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
21 Wed Aug 2024	11.17	11.10	11.48	11.00	0.987 times
16 Fri Aug 2024	10.56	11.00	11.10	10.50	0.458 times
09 Fri Aug 2024	10.85	11.30	11.35	10.58	0.322 times
02 Fri Aug 2024	11.62	10.28	12.36	10.21	3.902 times
26 Fri Jul 2024	10.20	10.30	10.54	10.00	1.421 times

Price has moved up 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
21 Wed Aug 2024	11.17	10.34	12.36	10.34	1.043 times
31 Wed Jul 2024	10.30	11.50	11.75	10.00	3.05 times
28 Fri Jun 2024	11.43	12.50	12.59	9.90	0.707 times
31 Fri May 2024	11.90	13.35	13.40	11.75	0.579 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 positive, but buyers have become active on the stock recently. This cannot be a definite uptrend, specially if selected time duration is small.

Price action analysis of Rama Steel ( (RAMASTEEL) ) based on a short 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.

Price action analysis of Rama Steel ( (RAMASTEEL) ) based on a short to mid 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.

Price action analysis of Rama Steel ( (RAMASTEEL) ) based on a mid to longer 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

ADX buy sell signal for Rama Steel stock for short term is BUY. Signal strength is Strong and stock is losing 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 HIGHS, which reflects strong buying momentum in short term! Bulls are getting stronger in this stock.

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

CCI has generated a SELL signal for Rama Steel in short term but SELL 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 11 and Rama Steel (RAMASTEEL) 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 Rama Steel (RAMASTEEL) stock. Volume based technical analysis of Rama Steel (RAMASTEEL) stock is negative.

Rama Steel Stock is giving positive 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.