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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 2024-12-10 View latest technical analysis

10 day averaged volume of Rama Steel is 17853712

Date	Daily Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	13.52	13.51	14.20	13.03	1.475 times
09 Mon Dec 2024	13.47	13.70	13.88	13.42	0.597 times
06 Fri Dec 2024	13.69	13.49	13.85	13.30	0.91 times
05 Thu Dec 2024	13.40	13.53	13.56	13.32	0.722 times
04 Wed Dec 2024	13.42	13.75	13.75	13.31	0.807 times
03 Tue Dec 2024	13.67	13.89	14.19	13.50	2.137 times
02 Mon Dec 2024	13.53	12.29	13.53	12.06	2.408 times
29 Fri Nov 2024	12.30	12.41	12.48	12.25	0.454 times
28 Thu Nov 2024	12.42	12.41	12.70	12.30	0.697 times
27 Wed Nov 2024	12.41	12.29	12.71	12.15	0.849 times

My analysis of stock is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if stock stays above 13.4, but if it comes below 13.4, then a intra day sell could be more profitable.
If you take a sell trade below 13.4, then use 13.4 as stoploss and 12.81 as target. However if you take a buy trade in stock , then use 13.4 as stoploss and 14.2 as target.

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	9.99
Downside Target	10.37
Downside Target	11.67
Downside Target	12.06
Downside Target	12.36
Downside Target	13.03
Upside Target	13.65
Upside Target	14.19
Upside Target	14.20
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	12.97
Downside Intraday Target	12.41
Upside Intraday Target	14.14
Upside Intraday Target	14.75
Upside Intraday Target	13.58

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
10 Tue Dec 2024	13.52	13.70	14.20	13.03	0.297 times
06 Fri Dec 2024	13.69	12.29	14.19	12.06	2.329 times
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

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
10 Tue Dec 2024	13.52	12.29	14.20	12.06	0.588 times
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

Scroll below to view daily charts

Price has moved up 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 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 BUY. Signal strength is Strong 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 green color and prices are above the green cloud Prices appear to be moving up

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

RSI is generating a BUY signal in short term but buying 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 13.34 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 positive

Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.