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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 2024-08-26 View latest technical analysis

10 day averaged volume of Rama Steel is 12683619

Date	Daily Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	10.08	11.37	11.42	9.99	21.418 times
23 Fri Aug 2024	11.29	11.40	11.61	11.20	1.158 times
22 Thu Aug 2024	11.20	11.24	11.48	11.17	1.293 times
21 Wed Aug 2024	11.17	11.23	11.25	11.08	0.874 times
20 Tue Aug 2024	11.13	11.48	11.48	11.03	0.844 times
19 Mon Aug 2024	11.21	11.10	11.35	11.00	1.569 times
16 Fri Aug 2024	10.56	10.51	10.73	10.50	0.668 times
14 Wed Aug 2024	10.73	10.98	10.99	10.61	0.6 times
13 Tue Aug 2024	10.89	11.09	11.10	10.81	0.748 times
12 Mon Aug 2024	11.02	11.00	11.10	10.71	1.314 times

Stock of Rama Steel (RAMASTEEL) has showed a significant fall. This could be a good time to exit from this stock.

Although my analysis for stock is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 10.1, for a target of 10.5 or 10.9

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	9.90
Upside Target	10.21
Upside Target	10.50
Upside Target	11.00
Upside Target	11.35
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	9.57
Downside Intraday Target	9.07
Upside Intraday Target	11
Upside Intraday Target	11.93
Upside Intraday Target	10.5

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	10.08	11.37	11.42	9.99	3.733 times
23 Fri Aug 2024	11.29	11.10	11.61	11.00	1.722 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

Price has moved down this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Rama Steel (RAMASTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
26 Mon Aug 2024	10.08	10.34	12.36	9.99	1.827 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 down this month, and volume has increased substantially. This means that the move can 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 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 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 Weak and stock is losing momentum.

MACD generated a BUY signal for Rama Steel in short term but the buy signal is initial and weak.

Rama Steel Stock in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. 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 SELL signal in short term and selling is picking up 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 10.38 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.