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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 2024-11-19 View latest technical analysis

10 day averaged volume of Rama Steel is 17220425

Date	Daily Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	12.29	12.15	12.60	12.11	0.832 times
18 Mon Nov 2024	12.09	12.38	12.45	11.68	1.205 times
14 Thu Nov 2024	12.84	12.66	13.00	12.66	0.839 times
13 Wed Nov 2024	12.62	13.05	13.20	12.51	0.992 times
12 Tue Nov 2024	13.07	13.20	13.35	13.00	0.753 times
11 Mon Nov 2024	13.20	13.54	13.65	13.07	0.757 times
08 Fri Nov 2024	13.59	13.94	14.01	13.45	0.773 times
07 Thu Nov 2024	13.89	13.85	14.40	13.80	1.396 times
06 Wed Nov 2024	13.75	13.89	13.89	13.50	1 times
05 Tue Nov 2024	13.43	13.45	13.65	13.11	1.107 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.3, but if it comes above 12.3, then a intra day buy could be more profitable.
If you take a sell trade below 12.3, then use 12.3 as stoploss and 11.5 as target. However if you take a buy trade in stock , then use 12.3 as stoploss and 12.95 as target.

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	9.99
Downside Target	10.37
Downside Target	11.67
Upside Target	12.36
Upside Target	13.11
Upside Target	13.65
Upside Target	14.00
Upside Target	14.40
Upside Target	15.03
Upside Target	17.55

Intraday share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Intraday Target	11.78
Downside Intraday Target	11.27
Upside Intraday Target	12.7
Upside Intraday Target	13.11
Downside Intraday Target	12.19

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
19 Tue Nov 2024	12.29	12.38	12.60	11.68	0.61 times
14 Thu Nov 2024	12.84	13.54	13.65	12.51	0.612 times
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

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
19 Tue Nov 2024	12.29	13.88	14.40	11.68	0.374 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 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 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 trend is highly volatile. A longer duration price action analysis might give a better picture of the trend in this stock.

ADX buy sell signal for Rama Steel stock for short term is SELL. Signal strength is Strong 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 SELL signal in short term and selling is picking up 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 13.1 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.