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

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

10 day averaged volume of Ramasteel is 3261358

Date Daily Closing Price Open High Low Volume
07 Tue May 2024 12.27 12.88 12.88 12.16 0.816 times
06 Mon May 2024 12.81 13.24 13.24 12.71 0.452 times
03 Fri May 2024 13.04 13.01 13.20 12.90 0.501 times
02 Thu May 2024 12.94 13.38 13.41 12.90 0.73 times
30 Tue Apr 2024 13.30 13.64 13.64 13.15 0.55 times

My analysis of stock is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if stock stays below 12.4, but if it comes above 12.4, then a intra day buy could be more profitable.
If you take a sell trade below 12.4, then use 12.4 as stoploss and 11.7 as target. However if you take a buy trade in stock , then use 12.4 as stoploss and 12.97 as target.

Share price targets for Ramasteel (Ramasteel)

Target Type Value
Downside Target 11.90
Downside Target 12.16
Upside Target 12.42
Upside Target 12.90
Upside Target 13.24
Upside Target 14.42
Upside Target 14.65
Upside Target 35.96
Upside Target 38.56
Upside Target 42.80
Upside Target 45.90
Upside Target 50.50

Intraday share price targets for Ramasteel (Ramasteel)

Target Type Value
Downside Intraday Target 11.87
Downside Intraday Target 11.48
Upside Intraday Target 12.95
Upside Intraday Target 13.64
Upside Intraday Target 12.56

Weekly technical analysis of Ramasteel (Ramasteel)

Date Weekly Closing Price Open High Low Volume
07 Tue May 2024 12.27 13.24 13.24 12.16 0.493 times
03 Fri May 2024 13.04 13.85 13.90 12.90 0.341 times
26 Fri Apr 2024 13.70 12.43 14.42 12.17 3.102 times
19 Fri Apr 2024 12.21 12.49 12.62 11.90 0.978 times
12 Fri Apr 2024 12.62 13.11 13.67 12.42 1.132 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 Ramasteel (Ramasteel)

Date Monthly Closing Price Open High Low Volume
07 Tue May 2024 12.27 13.38 13.41 12.16 0.156 times
30 Tue Apr 2024 13.30 14.45 14.65 11.90 1.233 times
28 Thu Mar 2024 14.38 40.59 42.80 12.50 3.169 times
29 Thu Feb 2024 40.08 45.29 45.90 38.56 0.477 times

Price has moved down 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 Ramasteel (Ramasteel)

Indicator Name Indicator Value Indicator Signal
ADX 15, 41, 45 Sell
MACD -6, -7Buy
Stochastics 26Sell
CCI -155Sell
RSI 60Buy
OBV -5769924Sell
VWAP 13Sell
ADL 0Sell
ROC -5Sell
Force Index 0Sell

Price action analysis of Ramasteel ( (Ramasteel) ) based on a short 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.

Price action analysis of Ramasteel ( (Ramasteel) ) based on a short 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.

Price action analysis of Ramasteel ( (Ramasteel) ) 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 Ramasteel ( (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 Ramasteel stock for short term is SELL. Signal strength is Strong and stock is gaining momentum.

MACD generated a BUY signal for Ramasteel 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.

Ramasteel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears 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 coming down

CCI has generated a SELL signal for Ramasteel in short term and SELL 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 Ramasteel is picking up buying momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 13.44 and Ramasteel (Ramasteel) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down

People seem to be coming out and selling the Ramasteel (Ramasteel) stock. Volume based technical analysis of Ramasteel (Ramasteel) stock is negative.

Ramasteel Stock has given negative 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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