Ramesh0296

RAMCOCEM Will go long ?

NSE:RAMCOCEM   RAMCO CEMENTS(THE)
CMP 674.5
POSITIONAL

1.Swing high low taken for fibonacci Retracement 27th january to 8th April
0.5% of the fibonacci retracement exactly on 669.65 day closed above this price

2.Long range breakout done today from 12march,2020

3.Price sustained today on the levels mentioned in above points

4.Price exactly taken good support from its trendline

5.Stock Price weekly breakout but in monthly resistance zone


Levels

Entry - From Spot (for safe players above 677 for the same target and SL)
Target levels - 689/694/699 with the SL(trail) of 639.45

**Educational Purpose only

Comment: FIRST TARGET DONE NICELY
Comment: TARGET 2 DONE NICELY

Comments

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