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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 2024-11-29 View latest technical analysis

10 day averaged volume of Rama Steel is 13723684

Date	Daily Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	12.30	12.41	12.48	12.25	0.591 times
28 Thu Nov 2024	12.42	12.41	12.70	12.30	0.906 times
27 Wed Nov 2024	12.41	12.29	12.71	12.15	1.104 times
26 Tue Nov 2024	12.23	12.19	12.34	12.08	0.546 times
25 Mon Nov 2024	12.17	12.30	12.40	12.10	0.754 times
22 Fri Nov 2024	11.97	12.07	12.29	11.89	0.978 times
21 Thu Nov 2024	11.98	12.22	12.22	11.95	0.859 times
19 Tue Nov 2024	12.29	12.15	12.60	12.11	1.043 times
18 Mon Nov 2024	12.09	12.38	12.45	11.68	1.513 times
14 Thu Nov 2024	12.84	12.66	13.00	12.66	1.052 times

My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 12.2 as stoploss in an intra day buy trade for a target of 12.86. However, stock will show a bearish move below 12.2.

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	9.99
Downside Target	10.37
Downside Target	11.67
Downside Target	12.08
Upside Target	12.36
Upside Target	13.11
Upside Target	13.65
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	12.02
Downside Intraday Target	11.73
Upside Intraday Target	12.65
Upside Intraday Target	12.99
Upside Intraday Target	12.36

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
29 Fri Nov 2024	12.30	12.30	12.71	12.08	0.888 times
22 Fri Nov 2024	11.97	12.38	12.60	11.68	1.048 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

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
29 Fri Nov 2024	12.30	13.88	14.40	11.68	0.524 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 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 short to mid 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 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.

MACD line is moving upwards which means that SELL signal is weakening, and buying is picking up momentum.

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 weakening, and bulls are picking up momentum!

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 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

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 12.27 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.