RAMANEWS technical summary

At ₹27.28, Shree Rama Newsprint Limited is trading 11.1% below its 50-day average of ₹30.68 and 12.1% below its 200-day average of ₹31.04. The 14-day RSI is 36.4, in the neutral range between 30 and 70. MACD is -0.86 against a signal line of -0.74, so the MACD line sits below its signal line. ADX(14) reads 10.5, a weak trend reading (below 20); ADX measures trend strength, not direction. The 52-week range is ₹26.6 to ₹42, with the price 4% of the way up it. Classic daily pivot levels from the 30 Oct 2026 session: pivot ₹27.76, resistance ₹28.49 and ₹28.74, support ₹27.51 and ₹26.78.