(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 27617
|Date||Daily Closing Price||Open||High||Low||Volume|
|15 Thu Apr 2021||76.25||81.25||81.25||73.75||1.41 times|
|13 Tue Apr 2021||77.40||78.00||78.95||72.75||1.058 times|
|12 Mon Apr 2021||75.20||75.20||82.00||75.15||2.61 times|
|09 Fri Apr 2021||79.10||80.25||80.45||79.00||0.189 times|
|08 Thu Apr 2021||80.25||79.45||82.00||79.40||1.716 times|
|07 Wed Apr 2021||79.45||76.00||79.45||75.00||1.264 times|
|06 Tue Apr 2021||75.70||75.60||75.70||72.00||0.56 times|
|05 Mon Apr 2021||72.10||69.95||73.30||69.95||0.47 times|
|01 Thu Apr 2021||69.85||69.95||71.85||67.55||0.122 times|
|31 Wed Mar 2021||69.95||69.00||70.70||67.00||0.877 times|
My analysis of stock is bullish for shortterm, but stock is in semi over bought zones and there are some chances of seeing a fall tomorrow. Use 76.4 as stoploss in an intra day sell trade for a target of 72.32. However, stock will show a bullish move above 76.4.
Share price targets for Rama Steel (RAMASTEEL_BE)
Intraday share price targets for Rama Steel (RAMASTEEL_BE)
|Downside Intraday Target||72|
|Downside Intraday Target||67.75|
|Upside Intraday Target||81.25|
|Upside Intraday Target||86.25|
|Upside Intraday Target||77|
Weekly technical analysis of Rama Steel (RAMASTEEL_BE)
|Date||Weekly Closing Price||Open||High||Low||Volume|
|15 Thu Apr 2021||76.25||75.20||82.00||72.75||1.209 times|
|09 Fri Apr 2021||79.10||69.95||82.00||69.95||1.969 times|
|01 Thu Apr 2021||69.85||69.85||71.85||67.00||0.4 times|
|26 Fri Mar 2021||69.85||70.00||71.00||66.80||1.218 times|
|19 Fri Mar 2021||68.60||73.70||73.70||66.25||2.466 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_BE)
|Date||Monthly Closing Price||Open||High||Low||Volume|
|15 Thu Apr 2021||76.25||69.95||82.00||67.55||0.622 times|
|31 Wed Mar 2021||69.95||77.00||77.00||66.25||1.503 times|
|25 Thu Feb 2021||79.35||70.10||86.75||67.65||0.474 times|
|29 Fri Jan 2021||73.10||74.15||84.90||71.10||33.839 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)
|Indicator Name||Indicator Value||Indicator Signal|
|ADX||23, 17, 14||Buy|
Price action analysis of Rama Steel ( (RAMASTEEL_BE) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
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 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 mid to longer term time period is positive, but trend is highly volatile. A longer time period analysis might give a better idea of the trend.
ADX buy sell signal for Rama Steel stock for short term is BUY. Signal strength is Weak and stock is gaining momentum.
MACD generated a BUY signal for Rama Steel in short term and the buy signal is strong.
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 tired and bears 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 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 76.38 and Rama Steel (RAMASTEEL_BE) stock is trading below this level. This means that stock is falling with high volumes. 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 negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.