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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 2025-01-23 View latest technical analysis

10 day averaged volume of Rama Steel is 19601658

Date	Daily Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	12.70	12.17	13.20	11.90	3.266 times
22 Wed Jan 2025	12.17	12.71	12.72	12.04	0.825 times
21 Tue Jan 2025	12.80	11.94	13.45	11.89	5.051 times
20 Mon Jan 2025	11.89	11.78	12.00	11.76	0.306 times
17 Fri Jan 2025	11.78	11.78	12.00	11.73	0.289 times
16 Thu Jan 2025	11.78	11.85	12.10	11.64	0.349 times
15 Wed Jan 2025	11.83	11.47	12.25	11.30	0.756 times
14 Tue Jan 2025	11.39	11.10	11.49	11.05	0.365 times
13 Mon Jan 2025	10.98	11.78	11.78	10.90	0.465 times
10 Fri Jan 2025	11.67	12.06	12.06	11.62	0.418 times

Stock of Rama Steel (RAMASTEEL) has showed a significant upmove. This could be a good time to enter in this stock!

Although my analysis for stock is bullish for shortterm, but stock is over bought and there are high chances of some profit booking tomorrow. You might want to sell the stock tomorrow in intra day with a stoploss of 12.9, for a target of 12.4 or 11.99

Share price targets for Rama Steel (RAMASTEEL)

Target Type	Value
Downside Target	10.37
Downside Target	10.90
Downside Target	11.53
Downside Target	12.25
Downside Target	12.56
Downside Target	12.66
Upside Target	13.45
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	11.82
Downside Intraday Target	10.95
Upside Intraday Target	13.51
Upside Intraday Target	14.33
Downside Intraday Target	12.64

Weekly technical analysis of Rama Steel (RAMASTEEL)

Date	Weekly Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	12.70	11.78	13.45	11.76	4.249 times
17 Fri Jan 2025	11.78	11.78	12.25	10.90	0.773 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

Price has moved up this week, and volume has increased substantially. This means that the move can continue in coming weeks.

Monthly technical analysis of Rama Steel (RAMASTEEL)

Date	Monthly Closing Price	Open	High	Low	Volume
23 Thu Jan 2025	12.70	12.19	13.45	10.90	1.16 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 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 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 neutral. A longer time frame might give a better analysis.

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 gaining momentum.

MACD generated a BUY signal for Rama Steel in short term but the buy signal is initial and weak.

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. 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 moving up

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 12.44 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.