SafeTrader1976
Long

Ramco Cement - Channel (Buy On Dip).

NSE:RAMCOCEM   RAMCO CEMENTS(THE)
Nicely Moving In Channel.
Every Time It Took Support @ 0.786 Fibonacci (Lower Line of Channel) & Bounced Till 1.27 Fibonacci (Upper Line of Channel).
Will It Respect 0.786 Fibonacci This Time?
Break Out Retest.
Buy On Dip.
Risk Reward Looks Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
Jan 21
Trade active
Jan 25
Trade closed: stop reached

Comments

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