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Technicals for Ratnamani Metals & Tubes Limited
By MusingTheNews
2025-10-17 20:53
Overall Technical outlook
Price Summary
In today's trading session, RATNAMANI's shares increased by 3.29%, marking a stellar day. On 2025-10-17, Ratnamani Metals & Tubes Limited's stock opened at 2310.0, spiked to 2444.0, declined to 2295.1, and closed 3.29% higher at 2386.0, with 27341 shares traded. In the 52-week period, the stock's peak price is 3697.0, and the lowest price recorded is 2303.6. Analysts' predictions indicate that RATNAMANI's future price will be between 3030.0 and 3556.0, with a mean price expectation of approximately 3260.2.
Technicals
Support and Resistance: The current price of 2386.0 is supported at 2392.1, with resistance at 2392.1. This suggests that the price for RATNAMANI might remain between these levels, where 2392.1 acts as a floor and 2392.1 as a ceiling in the market. Support/Resistance for RATNAMANI
Aroon: The AROON indicator is pointing to a robust bullish trend, as the Aroon Up has risen and the Aroon Oscillator has reversed. These movements suggest a reversal to an upward trend, indicating increased market optimism. Investors might anticipate further upward momentum, as the AROON's signals are typically reliable indicators of sustained bullish activity. Aroon chart for Ratnamani Metals & Tubes Limited
Bol. Bands: The current state of the BOLL BANDS is neutral, offering no clear signals of movement in either direction. This suggests a potential pause in market activity, with no strong trend emerging at the moment. Bolinger Bands chart for Ratnamani Metals & Tubes Limited
Parabolic SAR: The PSAR's shift from bearish to bullish could indicate a trend change. When interpreted alongside other indicators, this reversal may signal a strong bullish trend if supported by broader market movements. Investors should watch for further confirmation before making investment decisions. Parabolic Stop and Reverse chart for Ratnamani Metals & Tubes Limited
Stochastic: The STOCHASTIC is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Stochastic chart for Ratnamani Metals & Tubes Limited
Tripple Moving Agerage: The 20-50-100 period moving averages suggest a bullish trend, though the weakening slopes of the shorter-term averages raise concerns about a potential reversal. While the overall momentum is still upward, the indications from the faster averages suggest that the trend might be nearing its end, warranting caution. Tripple SMA chart for Ratnamani Metals & Tubes Limited
When evaluating a company, it is crucial to examine its fundamentals, including its financial statements, management structure, and market position. Additionally, understanding the broader industry trends, competition, and regulatory landscape helps to create a well-rounded view. By assessing both the company's internal factors and the external environment in which it operates, you can extract more valuable insights from its technical performance, such as stock price movements and trading patterns.
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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