**technical analysis** for the RAMCO SYSTEMS LTD chart:
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### **Technical Analysis – RAMCO SYSTEMS LTD (NSE: RAMCOSYS)**
**Pattern:** Cup and Handle
**Breakout Level:** ₹429
**Current Price:** ₹440.25
**Volume Confirmation:** Strong volume on breakout day (1.82M), supporting validity of the breakout.
**Target Price:** ₹589.80 (based on height of cup added to breakout point)
**Percentage Upside from Breakout:** \~37.81%
**Support Levels:** ₹429 (previous resistance), ₹380 (handle base)
**Stop-Loss (if trading):** Below ₹400 for short-term traders
**Analysis Summary:**
Ramco Systems has broken out of a classic Cup and Handle pattern with strong bullish momentum and a nearly 20% single-day gain. The breakout is supported by significant volume, indicating strong buying interest. The projected target lies around ₹589 based on the pattern measurement. Traders should watch for sustained volume and price action above ₹429 for continuation.
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### **Technical Analysis – RAMCO SYSTEMS LTD (NSE: RAMCOSYS)**
**Pattern:** Cup and Handle
**Breakout Level:** ₹429
**Current Price:** ₹440.25
**Volume Confirmation:** Strong volume on breakout day (1.82M), supporting validity of the breakout.
**Target Price:** ₹589.80 (based on height of cup added to breakout point)
**Percentage Upside from Breakout:** \~37.81%
**Support Levels:** ₹429 (previous resistance), ₹380 (handle base)
**Stop-Loss (if trading):** Below ₹400 for short-term traders
**Analysis Summary:**
Ramco Systems has broken out of a classic Cup and Handle pattern with strong bullish momentum and a nearly 20% single-day gain. The breakout is supported by significant volume, indicating strong buying interest. The projected target lies around ₹589 based on the pattern measurement. Traders should watch for sustained volume and price action above ₹429 for continuation.
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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.
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.