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Vishal_kudva

Long Position in Ramco Cement

Long
RAMCO CEMENTS(THE) (NSE:RAMCOCEM)  
Vishal_kudva  
NSE:RAMCOCEM   RAMCO CEMENTS(THE)
Beyond Technical Analysis Fibonacci Supply and Demand ramcocement niftytrading indianstocks indianmarket indianstockmarket indianstocksanalysis cementsector bullishsetup nse
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beyondta fibonacci supplyanddemand ramcocement niftytrading indianstocks indianmarket indianstockmarket indianstocksanalysis cementsector bullishsetup nse
Looking at the chart in the higher time frames you can see a clear tap in to the M timeframe OB.

A strong displacement to the upside creating a OB in the W timeframe - unmitigated.
Gap at the top acting as a magnet for price to move into.
Very clean CoCH and BOS giving confirmation of the move up into higher levels.

A great entry be entry in the GOLDEN level of price retracement - 60% fibs
Levels are in confluence with the W +OB.

Expect price to tap into the W +OB and move higher to the magnets (GAP liquidity, trendline short liquidity)
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