1. BIG GAPUP, FOLLOWED BY BIG GREEN CANDLE . 2. PRICE SHOWED THE REAL FACE AFTER LOSING MOMENTUM 3. NOW AFTER BREAKING SUPPORT OPENING PRICE , THE PRICE HAS TO FILL THE UNNECESSARY GAP - UP 4. ON CONFIRMTION A SHORT WAS GIVEN 5. FOR THE TARGET FOR PREVIOUS DAY LOW
STRATEGIES DEPLOYED 1. PIVOT RESISTANCE 2. FIBO CONFIRMATION 4.SUPPLY AND DEMAND 5. CANDLE STICK STRATEGY LOOK FOR RESISTANCE AS TARGET AND FIBO REVERSAL FOR ENTRY POINTS
NSE:RAMCOCEM may pause its uptrend from here. It is clearly under selling pressure today, as it has seen some strong bearish close going into the close.
It did a reversal from Kumo support post Bearish AB=CD. Today its going to activate a C Clamp for 815. View would be negated below 774.
698 is strong support for RAMCO CEMENT from long time. There was trend reversal from this level many time. Right now there is breakout on daily chart Above 200 EMA & at 50 EMA.