Is Rama Steel Tubes technically bullish or bearish?

Sep 01 2025 08:05 AM IST
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As of August 29, 2025, Rama Steel Tubes has shifted to a bearish trend with moderate strength, indicated by bearish MACD and RSI on the weekly chart, along with negative signals from Bollinger Bands and moving averages, while also underperforming against the Sensex.
As of 29 August 2025, the technical trend for Rama Steel Tubes has changed from mildly bearish to bearish. The current stance is bearish with a moderate strength. Key indicators driving this include a bearish MACD on the weekly chart, a bearish RSI on the weekly chart, and bearish signals from Bollinger Bands and moving averages on the daily timeframe. Additionally, the KST and Dow Theory also indicate a bearish outlook on the monthly timeframe. The stock has underperformed significantly compared to the Sensex over the past month and year, further supporting the bearish sentiment.
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