Ramco Systems has finally broken out of a multi-year consolidation zone, reclaiming a key resistance near ₹650 that had capped price for years.
This kind of structural breakout often marks the beginning of a powerful re-rating move.
What stands out:
* Multi-year base between ₹180–650 now resolved on the upside
* Strong momentum candle confirms buyer participation
* Previous resistance may now act as support on retests
Best strategy:
Rather than chasing vertical candles, watch for dips or retests near ₹650–700. That zone could offer favorable risk-reward for fresh entries.
Key levels to watch:
* Support / Buy zone: ₹650–700
* Upside target: ₹1,100+ (~71% potential)
* Invalidation: Sustained move back below ₹650
Big bases often lead to big moves. If the breakout sustains, this could be an interesting long-term price action play.
Disc: Not SEBI registered. For educational purposes only. Please manage risk.
✅ If you like my analysis, please follow me here as a token of appreciation :)
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This kind of structural breakout often marks the beginning of a powerful re-rating move.
What stands out:
* Multi-year base between ₹180–650 now resolved on the upside
* Strong momentum candle confirms buyer participation
* Previous resistance may now act as support on retests
Best strategy:
Rather than chasing vertical candles, watch for dips or retests near ₹650–700. That zone could offer favorable risk-reward for fresh entries.
Key levels to watch:
* Support / Buy zone: ₹650–700
* Upside target: ₹1,100+ (~71% potential)
* Invalidation: Sustained move back below ₹650
Big bases often lead to big moves. If the breakout sustains, this could be an interesting long-term price action play.
Disc: Not SEBI registered. For educational purposes only. Please manage risk.
✅ If you like my analysis, please follow me here as a token of appreciation :)
in.tradingview.com/u/lovishkhanduja/
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.
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.