Is Rama Steel Tubes technically bullish or bearish?

Nov 09 2025 08:11 AM IST
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As of November 7, 2025, Rama Steel Tubes shows a mildly bearish trend, with daily moving averages and weekly KST indicating bearish sentiment, while weekly MACD and OBV suggest some buying strength, but overall indicators remain cautious about strong bullish momentum.
As of 7 November 2025, the technical trend for Rama Steel Tubes has changed from bearish to mildly bearish. The current stance is mildly bearish, driven by the daily moving averages indicating a bearish outlook and the weekly KST also reflecting bearish sentiment. However, the weekly MACD and OBV show mildly bullish signals, suggesting some strength in buying pressure. The Bollinger Bands on both weekly and monthly time frames are also mildly bearish, reinforcing the overall bearish sentiment. Despite recent short-term gains, the longer-term indicators remain cautious, indicating a lack of strong bullish momentum.
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