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Oct 31, 2022 5:07 PM

RAMKY multiyear breakout  Long

RAMKY INFRASTRUCTUNSE

Description

NSE:RAMKYBSE:RAMKY

Time Frame – Monthly

Observations:-
* Monthly closed above major resistance zone
* Cup & Handle pattern breakout on monthly chart
* Trendline resistance breakout on monthly chart
* After major BO price may go for consolidation before next run
* Same pattern seen in 2013 to 2017

Resistance – 360 / 471.55

Support – 270-230 will act as support zone now. Next zone 175-140


DISCLAIMER: NCFM Certified Technical Analyst. I am not SEBI registered analyst. All posts are for educational purpose only. I am not responsible for your any loss or profit. Consult your adviser before taking any trade. I help people to learn technical analysis & charts reading.
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