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(RAMASTEEL_BE) Rama Steel complete technical analysis [charts+indicators] | Buy/Sell Rama Steel | (RAMASTEEL_BE) share price targets

Complete technical analysis of Rama Steel (RAMASTEEL_BE) by charts plus indicators, forecast predictions and share price targets for Rama Steel (RAMASTEEL_BE)

10 day averaged volume of Rama Steel is 41803

Date Daily Closing Price Open High Low Volume
11 Mon Oct 2021 280.35 280.35 280.35 277.00 2.091 times
08 Fri Oct 2021 267.00 262.00 267.00 262.00 2.765 times
07 Thu Oct 2021 254.30 247.20 256.00 246.50 1.761 times
06 Wed Oct 2021 246.40 247.20 247.20 240.00 1.787 times
05 Tue Oct 2021 243.20 245.00 246.50 235.00 0.667 times
04 Mon Oct 2021 242.50 249.95 249.95 240.00 0.426 times
01 Fri Oct 2021 245.05 251.00 251.00 243.50 0.675 times
30 Thu Sep 2021 244.55 244.40 254.20 243.00 0.914 times
29 Wed Sep 2021 242.20 248.80 248.80 239.15 0.283 times
28 Tue Sep 2021 245.10 247.00 250.00 239.00 0.255 times

Stock of Rama Steel (RAMASTEEL_BE) 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 270.6, for a target of 259.4 or 250.09

Share price targets for Rama Steel (RAMASTEEL_BE)

Target Type Value
Downside Target 67.55
Downside Target 82.00
Downside Target 130.85
Downside Target 180.35
Downside Target 189.35
Downside Target 222.35
Downside Target 229.20
Downside Target 235.00
Downside Target 255.00
Downside Target 262.00
Downside Target 268.00
Downside Target 277.00
Downside Target 280.35

Intraday share price targets for Rama Steel (RAMASTEEL_BE)

Target Type Value
Downside Intraday Target 278.12
Downside Intraday Target 275.88
Upside Intraday Target 281.47
Upside Intraday Target 282.58
Downside Intraday Target 279.23

Weekly technical analysis of Rama Steel (RAMASTEEL_BE)

Date Weekly Closing Price Open High Low Volume
11 Mon Oct 2021 280.35 280.35 280.35 277.00 0.282 times
08 Fri Oct 2021 267.00 249.95 267.00 235.00 2.857 times
01 Fri Oct 2021 245.05 253.95 255.00 239.00 0.313 times
24 Fri Sep 2021 247.25 256.10 262.00 237.00 0.562 times
17 Fri Sep 2021 256.05 238.70 268.00 229.20 4.323 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_BE)

Date Monthly Closing Price Open High Low Volume
11 Mon Oct 2021 280.35 251.00 280.35 235.00 0.328 times
30 Thu Sep 2021 244.55 245.00 268.00 222.35 0.588 times
31 Tue Aug 2021 238.95 189.35 265.90 189.35 3.101 times
30 Fri Jul 2021 180.35 138.80 180.35 130.85 2.511 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_BE)

Price action analysis of Rama Steel ( (RAMASTEEL_BE) ) 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_BE) ) 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_BE) ) based on a short to mid 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_BE) ) based on a mid to longer 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.

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 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 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 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 257.92 and Rama Steel (RAMASTEEL_BE) 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_BE) stock. Volume based technical analysis of Rama Steel (RAMASTEEL_BE) 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.

Price action analysis of Rama Steel ( (RAMASTEEL_BE) ) 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_BE) ) 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_BE) ) based on a short to mid 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_BE) ) based on a mid to longer 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.

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 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 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 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 257.92 and Rama Steel (RAMASTEEL_BE) 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_BE) stock. Volume based technical analysis of Rama Steel (RAMASTEEL_BE) 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.

Click here for Rama Steel charts

Click here for further forecast and predictions for tomorrow

Daily charts

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Daily chart
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