RAMCOCEM PERFECT BAT UNDER FORMATION WEEKLY CHART
RAMCO CEMENT
1. Weekly Bat Pattern under formation
2. Price Taking Support at 20 SMA (Daily and Weekly) 804-807 levels respectively
3. Narrowing Bollinger Bands on daily and weekly charts with Price constantly sustaining above middle band
4. Double Bottom visible on Weekly charts
5. Can be a low risk bet to buy on dips and dips with stop loss below 20 Week SMA
Lets See How It evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Weekly Bat Pattern under formation
2. Price Taking Support at 20 SMA (Daily and Weekly) 804-807 levels respectively
3. Narrowing Bollinger Bands on daily and weekly charts with Price constantly sustaining above middle band
4. Double Bottom visible on Weekly charts
5. Can be a low risk bet to buy on dips and dips with stop loss below 20 Week SMA
Lets See How It evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.