RAMCOCEM has formed extended head and shoulders on 1D chart along the 920 baseline. Breakdown from here can be significant hence caution suggested for longs. No fresh shorts yet as the trendline is not broken. If the baseline is broken, the stock can see a measured move fall toward 750.
Comment:
Breakdown confirmed from the H&S support line. It's best to book some profits here and trail stops for the final target of 750.
Trade closed: target reached:
Price touched 752 on 28 Feb. Target met.