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Stock analysis Shree Rama Multi-Tech Limited SHREERAMA

More indepth analysis on MunafaSutra.com

Moving Averages for Shree Rama Multi-Tech Limited

  • 5Day Average: 12.23
  • 12Day Average: 11.28
  • 20Day Average: 10.99
  • 50Day Average: 11.24
  • 100Day Average: 10.63
  • 150Day Average: 11.57
  • 200Day Average: 11.8

SHREERAMA Indicators & signals

Indicator MACD (12,26,9)

11.77, 11.27, 0.06
Indicator MACD is in positive zone

Indicator ADX (14)

70.21, 43.01, 7.53
Indicator ADX is indicating that momentum is still strong.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 70
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of SHREERAMA Shree Rama Multi-Tech Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Fri Jun 2023 15.40 15.40 to 15.40 19.84% 2.79 times
28 Wed Jun 2023 12.85 11.60 to 13.30 7.98% 1.31 times
27 Tue Jun 2023 11.90 10.50 to 12.50 13.33% 3.6 times
26 Mon Jun 2023 10.50 10.40 to 10.75 0% 0.88 times
23 Fri Jun 2023 10.50 10.45 to 10.60 -0.47% 0.29 times
22 Thu Jun 2023 10.55 10.45 to 10.75 0.96% 0.39 times
21 Wed Jun 2023 10.45 10.35 to 10.70 -0.95% 0.83 times
20 Tue Jun 2023 10.55 10.50 to 10.95 -3.21% 0.41 times
19 Mon Jun 2023 10.90 10.65 to 11.15 0.46% 0.91 times
16 Fri Jun 2023 10.85 10.15 to 11.00 4.83% 0.71 times
15 Thu Jun 2023 10.35 10.25 to 10.80 -1.9% 0.68 times
14 Wed Jun 2023 10.55 10.25 to 10.90 3.94% 1.33 times

Technical analysis forecast of Shree Rama Multi-Tech Limited Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Shree Rama Multi-Tech Limited SHREERAMA at this time. Stock is rising and might rise more.

It appears as if Shree Rama Multi-Tech Limited SHREERAMA gave a large move recently.

Stock of Shree Rama Multi-Tech Limited (SHREERAMA) is trading above an important moving average line, but it crossed this line recently, which means that it could show a small or a large fall soon enough depending on its trend.

Although my analysis for Shree Rama Multi-Tech Limited 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 14, for a target of 12.6 or 11.4

More indepth analysis on MunafaSutra.com