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

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

10 day averaged volume of Rama Petro is 6847

Date Daily Closing Price Open High Low Volume
29 Mon Apr 2024 8.45 8.45 8.45 8.03 6.314 times
25 Thu Apr 2024 8.45 7.65 8.45 7.65 1.173 times
24 Wed Apr 2024 8.05 8.05 8.05 8.05 0.606 times
23 Tue Apr 2024 7.67 7.67 7.67 7.67 0.402 times
22 Mon Apr 2024 7.31 7.31 7.31 7.31 0.685 times

Stock of Rama Petro (RamaPetro) has showed a significant fall. This could be a good time to exit from 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 8.8, for a target of 7.4 or 6.16

Share price targets for Rama Petro (RamaPetro)

Target Type Value
Downside Target 3.90
Downside Target 4.75
Downside Target 5.13
Downside Target 5.53
Downside Target 5.75
Downside Target 5.97
Downside Target 6.28
Downside Target 6.95
Downside Target 7.31
Downside Target 7.73
Downside Target 8.03
Downside Target 8.45

Intraday share price targets for Rama Petro (RamaPetro)

Target Type Value
Downside Intraday Target 8.17
Downside Intraday Target 7.89
Upside Intraday Target 8.59
Upside Intraday Target 8.73
Downside Intraday Target 8.31

Weekly technical analysis of Rama Petro (RamaPetro)

Date Weekly Closing Price Open High Low Volume
29 Mon Apr 2024 8.45 8.45 8.45 8.03 2.203 times
25 Thu Apr 2024 8.45 7.31 8.45 7.31 5.882 times
19 Fri Apr 2024 6.97 6.03 6.97 6.03 0.297 times
12 Fri Apr 2024 5.75 4.75 5.75 4.75 0.826 times
05 Fri Apr 2024 4.75 5.13 5.13 4.75 680.3 times

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

Monthly technical analysis of Rama Petro (RamaPetro)

Date Monthly Closing Price Open High Low Volume
29 Mon Apr 2024 8.45 5.13 8.45 4.75 159.143 times
28 Thu Mar 2024 5.13 5.97 5.97 5.13 0.404 times
26 Mon Feb 2024 6.28 6.95 6.95 6.28 0.074 times
29 Mon Jan 2024 7.31 5.80 7.73 5.80 0.189 times

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

Indicators analysis of Rama Petro (RamaPetro)

Indicator Name Indicator Value Indicator Signal
ADX 58, 22, 45 Buy
MACD 1, 1Buy
Stochastics 100Buy
CCI 101Buy
RSI 57Buy
OBV 33699Sell
VWAP 8Buy
ADL 0Sell
ROC 54Buy
Force Index 0Sell

Price action analysis of Rama Petro ( (RamaPetro) ) based on a short term time period is

Price action analysis of Rama Petro ( (RamaPetro) ) based on a short term time period is

Price action analysis of Rama Petro ( (RamaPetro) ) 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 Petro ( (RamaPetro) ) 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 Petro stock for short term is BUY. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Rama Petro 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 Petro Stock is trading near its recent HIGHS, which reflects strong buying momentum in short term! 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 Petro in short term and BUY signal is strong.

RSI is generating a BUY signal in short term but buying is losing momentum.

MRSI is in positive zone. This is a BUY zone

Stock of Rama Petro is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 8.13 and Rama Petro (RamaPetro) 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 Petro (RamaPetro) stock. Volume based technical analysis of Rama Petro (RamaPetro) stock is negative.

Rama Petro 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 Petro charts

Click here for further forecast and predictions for tomorrow

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