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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 2024-11-08 View latest technical analysis

10 day averaged volume of Rama Steel is 25330017

Date	Daily Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	13.59	13.94	14.01	13.45	0.525 times
07 Thu Nov 2024	13.89	13.85	14.40	13.80	0.949 times
06 Wed Nov 2024	13.75	13.89	13.89	13.50	0.68 times
05 Tue Nov 2024	13.43	13.45	13.65	13.11	0.753 times
04 Mon Nov 2024	13.32	14.05	14.15	13.21	0.801 times
01 Fri Nov 2024	14.04	13.88	14.35	13.77	0.385 times
31 Thu Oct 2024	13.66	13.57	14.40	13.50	1.941 times
30 Wed Oct 2024	13.57	12.59	13.57	12.27	1.747 times
29 Tue Oct 2024	12.34	12.25	12.43	11.86	0.969 times
28 Mon Oct 2024	12.10	12.00	12.22	11.67	0.905 times

My analysis of stock is bullish for shortterm, and stock might move up till 14 or till 14.8. Use a stoploss of 13.27 and if this stock hits its stoploss, then it can fall down till 12.55

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	9.99
Downside Target	10.37
Downside Target	11.67
Downside Target	12.36
Downside Target	13.11
Upside Target	14.00
Upside Target	14.40
Upside Target	14.57
Upside Target	14.70
Upside Target	15.03
Upside Target	17.55

Intraday share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Intraday Target	13
Downside Intraday Target	12.41
Upside Intraday Target	14.29
Upside Intraday Target	14.99
Upside Intraday Target	13.7

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
08 Fri Nov 2024	13.59	14.05	14.40	13.11	0.624 times
01 Fri Nov 2024	14.04	12.00	14.40	11.67	1.377 times
25 Fri Oct 2024	11.94	14.00	14.00	11.70	1.576 times
18 Fri Oct 2024	13.74	14.55	14.57	13.31	0.56 times
11 Fri Oct 2024	14.36	14.29	14.70	13.34	1.144 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
08 Fri Nov 2024	13.59	13.88	14.40	13.11	0.197 times
31 Thu Oct 2024	13.66	14.50	15.03	11.67	0.174 times
30 Mon Sep 2024	14.48	10.65	17.55	10.37	3.461 times
30 Fri Aug 2024	10.37	10.34	12.36	9.99	2.261 times

Scroll below to view daily charts

Price has moved down 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 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 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 BUY. Signal strength is Weak and stock is losing momentum.

MACD generated a BUY signal for Rama Steel 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.

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 coming down

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

RSI is generating a SELL signal in short term but selling is losing momentum.

MRSI is in negative zone. This is the SELL 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 13.36 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.