This stock will break free.
Ramco Cem CMP- 835.35
Elliott- A new series has started in this counter. Hence to me this is extremely bullish.
Volume- that's slow accumulation by the bulls.
Patterns- the 3 day chart on the left is loaded. It has a V shaped recovery a directional signals. It also has an inverted head and shoulders pattern, which is a bullish reversal pattern. That neckline is also considered very bullish.
Candlestick- the Key reversal at the bottom is again a directional signal.
Fibs- the first good resistance is at 862. We have a falling trendline too at the same zone. So a 3day candle close above 862 is where my buy is triggered.
Conclusion - this stock hasnt done much since 2018. Now all the bullish signals are flashing again. Keep and eye on this one and buy and hold above 862.
Elliott- A new series has started in this counter. Hence to me this is extremely bullish.
Volume- that's slow accumulation by the bulls.
Patterns- the 3 day chart on the left is loaded. It has a V shaped recovery a directional signals. It also has an inverted head and shoulders pattern, which is a bullish reversal pattern. That neckline is also considered very bullish.
Candlestick- the Key reversal at the bottom is again a directional signal.
Fibs- the first good resistance is at 862. We have a falling trendline too at the same zone. So a 3day candle close above 862 is where my buy is triggered.
Conclusion - this stock hasnt done much since 2018. Now all the bullish signals are flashing again. Keep and eye on this one and buy and hold above 862.
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.