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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 2025-01-16 View latest technical analysis

10 day averaged volume of Rama Steel is 10008708

Date	Daily Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	11.78	11.85	12.10	11.64	0.683 times
15 Wed Jan 2025	11.83	11.47	12.25	11.30	1.481 times
14 Tue Jan 2025	11.39	11.10	11.49	11.05	0.715 times
13 Mon Jan 2025	10.98	11.78	11.78	10.90	0.91 times
10 Fri Jan 2025	11.67	12.06	12.06	11.62	0.818 times
09 Thu Jan 2025	12.06	12.05	12.66	11.82	2.307 times
08 Wed Jan 2025	11.86	12.10	12.10	11.80	0.692 times
07 Tue Jan 2025	11.99	11.74	12.10	11.70	0.706 times
06 Mon Jan 2025	11.67	12.24	12.24	11.53	1.107 times
03 Fri Jan 2025	12.27	12.34	12.47	12.22	0.526 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 11.6 as stoploss in an intra day buy trade for a target of 11.98. However, stock will show a bearish move below 11.6.

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	10.37
Downside Target	10.90
Downside Target	11.53
Upside Target	12.56
Upside Target	12.66
Upside Target	13.21
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	11.04
Downside Intraday Target	10.29
Upside Intraday Target	12.39
Upside Intraday Target	12.99
Downside Intraday Target	11.64

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
16 Thu Jan 2025	11.78	11.78	12.25	10.90	0.673 times
10 Fri Jan 2025	11.67	12.24	12.66	11.53	1.777 times
03 Fri Jan 2025	12.27	12.17	12.56	11.85	1.241 times
27 Fri Dec 2024	12.17	12.22	12.41	12.00	0.663 times
20 Fri Dec 2024	12.22	13.09	13.21	12.03	0.617 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
16 Thu Jan 2025	11.78	12.19	12.66	10.90	0.434 times
31 Tue Dec 2024	12.04	12.29	14.20	11.85	0.956 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

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 trend is highly volatile. A longer time period analysis might give a better idea of the trend.

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 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 gaining 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 in or above the red cloud Prices appear to be coming down

CCI has generated a buy signal for Rama Steel in short term and BUY signal is strong.

RSI is generating a BUY signal in short term and the buying is gaining momentum.

MRSI is in positive zone. This is a BUY 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 11.78 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.