![rane madras ltd share price target](https://knowaboutmarket.com/wp-content/uploads/2024/03/rane-madras-ltd-share-price-target-1024x516.png)
RML Share Price Target : Rane (Madras) Limited is a company that specializes in the production of steering and suspension linkages products (SSLP), steering gear products (SGP), and other items of aluminum die casting goods for the transportation industry.
If you are a regular visitor of our blog, then you are already aware that we are not going into fundamentals of the company [ RML].
In this blog post we will see the Share Price History of Rane (Madras ) Ltd and based on it we will predict the future price.
Lets see the Price History of RML stock on Monthly Chart. Analyzing a stock on a Monthly Chart is the best option, particularly if you are looking for good returns and avoid unnecessary noise in the chart.
Read :
KEC Share Price Target After all Time high Breakout
RML Share Price History and prediction based on All time High Break out Pattern 2024
In the month of August 2005, RML Share’s highest price was around Rs 198 . After that stock has seen a downtrend and has even touched an all time low of 29 Rs during the 2008 stock market crash.
Almost after 5 years of downtrend and consolidation, RML Stock came near an all time High. In the month of October 2010 stock has registered a high of 192 Rs, which is a bit less than its all time high. After a few months of consolidation, stock has again fallen to Rs 94.
From 2011 to 2014 RML Stock was in consolidation mode. In the month of March 2014, Stock broke All time high Price with a big bullish bar candle.
![RML share price](https://knowaboutmarket.com/wp-content/uploads/2024/01/RML-share-price-2014-breakout-1024x640.png)
In this month stock has seen a high price of Rs 209 and the perfect entry for the stock is when the next month candle crossed the Rs 209.
After that RML stock didn’t stop. Stock price have grown at an exponential rate. Within 8 Months stock has given 150% return.
![RML stock entry point](https://knowaboutmarket.com/wp-content/uploads/2024/01/RMl-share-entry-point-2014-1024x666.png)
From Rs 210 Stock price has increased to Rs 535 in the span of 240 Days. Of Course it is not possible to exit the stock at the highest price. But we can keep on trailing, so that we cannot miss the stock rally.
Similarly in the year 2017, RML stock has given another opportunity to go long. As we are reading the charts on a monthly time frame, we cannot expect the stock to give opportunities frequently. We may get an opportunity, once every 5 years or 10 years or sometimes after 20 years.
After registering the all-time high price of Rs 537 in the month of October 2014, RML stock gas never broke the price till October 2017. So after 3 years of down trend and consolidation, RML stock has broken its all time high price.
Once the price crosses the breakout candle high, we can enter into the stock i.e Rs 590.
In the next Six months stock has moved around 75%. From November 2017 to April 2018 stock price has increased from Rs 590 to Rs 1050 ( Which is all time high ).
After 2018 stock has seen a huge downtrend and has even seen an all time low of Rs 118. Corona Pandemic is the major culprit behind the stock crash.
After 2018 we haven’t seen any opportunity till date based on an all time high breakout strategy.
![Rane Madras ltd share price breakout](https://knowaboutmarket.com/wp-content/uploads/2024/02/Rane-Madras-ltd-share-price-breakout-1024x531.png)
In the month of October 2023, stock came near to an all time high of Rs 1056, but didn’t touch or break it. Once the Price breaks the all time high price, that would be a nice entry point.
It may take a few more months or years for the stock to break ATH price. This will only happen if the company performs well and shows good results.
Lets wait and watch. Once the stock breaks All time high price with good volume, we can buy the stock.
Updated on February 6th 2024 :
Stock is trading at ₹ 735 ..
It may take few more months for the stock to breakout All time high Price. We will update here once the price closes above previous all time high.
Updated on March 2nd 2024 :
RML Stock Price is around : ₹ 760
As per the All Time High Breakout Strategy, this stock may take few more months to break the all time high Price.
Updated on March 30th 2024 :
RML Share price is around ₹ 687. Price has seen a decline of almost 11% from the last month. It may take few more months to break all time high price.
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