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Technicals for Ratnamani Metals & Tubes Limited
By MusingTheNews
2025-07-16 20:51
Overall Technical outlook
Price Summary
On 2025-07-15, RATNAMANI's stock opened at 2898.5, reached a peak of 2907.8, dropped to 2816.1, and ended -0.49% down at 2884.3, with a volume of 24592 shares. The stock's highest price over the 52-week span is 3859.45, while the lowest price is 2404.25. The future price of RATNAMANI is projected to range from 3250.0 to 3556.0, with an average expected price of 3403.4, according to 5 analysts.
Technicals
Support and Resistance: The price sits at 2884.3, supported by 2726.9 and resisted by 2907.55. This indicates a trading range where 2726.9 provides a floor, preventing declines, and 2907.55 acts as a ceiling, limiting further price increases for RATNAMANI. Support/Resistance for RATNAMANI
Aroon: The AROON is currently in a neutral position for Ratnamani Metals & Tubes Limited, offering no clear guidance on whether the market is likely to move up or down. This neutral stance suggests that further observation may be necessary before a trend becomes apparent. Aroon chart for Ratnamani Metals & Tubes Limited
Bol. Bands: The BOLL BANDS is currently in a neutral position, offering no clear indication of movement up or down. This suggests that the market may be experiencing a period of equilibrium, with no strong trend in play. Bolinger Bands chart for Ratnamani Metals & Tubes Limited
Parabolic SAR: The PSAR continues its bearish trend for Ratnamani Metals & Tubes Limited, setting a resistance level that could hinder upward momentum. This resistance suggests that the market may face challenges in breaking higher, reflecting persistent bearish sentiment. Parabolic Stop and Reverse chart for Ratnamani Metals & Tubes Limited
Stochastic: The STOCHASTIC is in a neutral stance for RATNAMANI, not indicating a clear upward or downward trend. This suggests a period of market indecision, where neither bulls nor bears have the upper hand. Stochastic chart for Ratnamani Metals & Tubes Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages for Ratnamani Metals & Tubes Limited are currently aligned in a bearish formation, signaling a downtrend. However, the wavering slopes of the 20 and 50 SMAs suggest that this bearish momentum may be weakening. This could indicate an upcoming shift towards bullish price action, as the loss of downward momentum might lead to a potential reversal in the market's current trend. Tripple SMA chart for Ratnamani Metals & Tubes Limited
A thorough analysis of a company involves looking beyond its stock price movements and trading patterns. You must also examine its fundamentals, which include profitability, growth prospects, and competitive advantages. Additionally, the industry in which the company operates provides important context, as factors like technological innovations, regulation, and market demand influence performance. By integrating this information with technical analysis, more accurate predictions about the company's future can be made.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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