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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 1685449

Date Daily Closing Price Open High Low Volume
16 Thu May 2024 12.80 12.64 13.10 12.50 0.866 times
15 Wed May 2024 12.49 12.55 12.57 12.36 0.539 times
14 Tue May 2024 12.36 12.20 12.66 12.20 1.115 times
13 Mon May 2024 12.10 12.40 12.43 12.02 1.053 times
10 Fri May 2024 12.33 12.34 12.47 12.10 0.884 times

My analysis of stock is bearish for shortterm, and stock might move down till 12.3 or till 11.6. Use a stoploss of 12.86 and if the stock hits stoploss, then it can shoot up till 13.44

Share price targets for Ramasteel (Ramasteel)

Target Type Value
Downside Target 11.90
Downside Target 12.50
Upside Target 12.90
Upside Target 13.90
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 12.18
Downside Intraday Target 11.56
Upside Intraday Target 13.26
Upside Intraday Target 13.72
Downside Intraday Target 12.64

Weekly technical analysis of Ramasteel (Ramasteel)

Date Weekly Closing Price Open High Low Volume
16 Thu May 2024 12.80 12.40 13.10 12.02 0.655 times
10 Fri May 2024 12.33 13.24 13.24 12.04 1.096 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

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 Ramasteel (Ramasteel)

Date Monthly Closing Price Open High Low Volume
16 Thu May 2024 12.80 13.38 13.41 12.02 0.369 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 21, 27, 13 Sell
MACD -4, -5Buy
Stochastics 40None
CCI 75Buy
RSI 54Buy
OBV 7860638Sell
VWAP 12Buy
ADL 0Sell
ROC -1Sell
Force Index 0Sell

Price action analysis of Ramasteel ( (Ramasteel) ) based on a short term time period is

Price action analysis of Ramasteel ( (Ramasteel) ) based on a short 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 Ramasteel ( (Ramasteel) ) based on a short to mid 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 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 Weak and stock is losing 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 in short term is moving inside a range for now. Please check in a day or two to for a better buy sell signal. Bears are weakening, and bulls are picking up momentum!

Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be moving up

CCI has generated a buy signal for Ramasteel 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 negative zone. This is the SELL zone

Although the stock is in the SELL zone, but selling might be slowing down

Stock of Ramasteel is picking up selling momentum according to indicator.

Volume based indicators are showing selling momentum.

Volume Weighted Averaged Price (VWAP) for short term is 12.49 and Ramasteel (Ramasteel) stock is trading above this level. This is a good sign for the stock and it could move higher. 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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