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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 2024-08-27 View latest technical analysis

10 day averaged volume of Rama Steel is 38667494

Date	Daily Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	10.40	10.18	10.65	10.14	1.383 times
26 Mon Aug 2024	10.08	11.37	11.42	9.99	7.025 times
23 Fri Aug 2024	11.29	11.40	11.61	11.20	0.38 times
22 Thu Aug 2024	11.20	11.24	11.48	11.17	0.424 times
21 Wed Aug 2024	11.17	11.23	11.25	11.08	0.287 times
20 Tue Aug 2024	11.13	11.48	11.48	11.03	0.277 times
19 Mon Aug 2024	11.21	11.10	11.35	11.00	0.515 times
16 Fri Aug 2024	10.56	10.51	10.73	10.50	0.219 times
14 Wed Aug 2024	10.73	10.98	10.99	10.61	0.197 times
13 Tue Aug 2024	10.89	11.09	11.10	10.81	0.245 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 10.5, but if it comes above 10.5, then a intra day buy could be more profitable.
If you take a sell trade below 10.5, then use 10.5 as stoploss and 10.1 as target. However if you take a buy trade in stock , then use 10.5 as stoploss and 10.9 as target.

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	9.90
Downside 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	9.79
Downside Intraday Target	9.17
Upside Intraday Target	11.22
Upside Intraday Target	12.03
Upside Intraday Target	10.6

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
27 Tue Aug 2024	10.40	11.37	11.42	9.99	4.468 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
27 Tue Aug 2024	10.40	10.34	12.36	9.99	1.966 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, 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 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 Rama Steel ( (RAMASTEEL) ) based on a short to mid 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 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 SELL signal for Rama Steel in short term and the sell signal is strong.

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 moving up

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 but selling is losing 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 Rama Steel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 10.35 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 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.