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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 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)

Target Type Value
Downside Target 41.75
Downside Target 44.55
Downside Target 66.25
Downside Target 69.95
Downside Target 72.75
Downside Target 73.70
Upside Target 77.00
Upside Target 82.00
Upside Target 84.90
Upside Target 86.75

Intraday share price targets for Rama Steel (RAMASTEEL_BE)

Target Type Value
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
MACD 3, 3Buy
Stochastics 62None
CCI 34Buy
RSI 60Buy
OBV -59203Sell
VWAP 76Sell
ADL 0Sell
ROC 11Buy
Force Index 0Sell

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.

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Daily charts

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