Ramco Cement is forming a flag and pole pattern on the weekly charts and there is a bullish moving averages cross over. Stock has been consolidating for a month and is trading in a 40 points range. The break out can give good 150+ points as per the measure target. Indian markets are trading near the ATH and stock will follow the indices. On the daily time...
NSE:RAMCOIND looks ready for a breakout. Observing what it would do next. Lokks good above Rs308 to enter. Many of the Ideas below have given good breakouts, kindly check and let me know your views
#RamcoIndustries - Breakout with VOL surge and retracement near support area - Trendline and 50 EMA confluence on D - R:R setup is favorable - Negate if daily close below 285 - Improving fundamentals
The chart and drawings are self explanatory. Ramco has just broken its all time high, supported by decent volumes. The stock retested its resistance, which is a good sign for the stock towards extension of the rally. Positional traders can take a position at the current levels, with a stop loss at ~325 levels. Please follow us for more trading setups like...
Disclaimer : plz analyse before you invest or trade. This is my own view.
NSE:RAMCOIND Don't rush to get in to the trade until and unless if you find weekly strong candle to close above 330 level. Short term to long term holding can lead to target of 390. In current week good volume came same like it was in Oct 2016. Looks promising to buy for short term.
RAMCOIND (W) :- 327 CMP, Looks good for more upside :) 1) CIP ZONE (Change in polarity) 2) Volume Spurts
inverse head & shoulder break out above 305 can lead to 500+ level
#RANCOCEM NSE: RAMCOCEM Short Term Quick Profit CMP 1024.30 Target 1152 SL : 977 Timeframe < 60 Days Can hold for longer time Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading...
#RAMCOIND NSE:RAMCOIND CMP: 282.50 Target: 320 Stop Loss: 254 Time Frame: Approximately 2 months. Factors: Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Higher Highs & Higher Lows. Breakout above RESISTANCE levels Trading at SUPPORT levels Fundamental are strong. Earnings report & quality strong EPS...
It's moving in a channel and making higher high. Stock is in a bullish trend. After many days of consolidation and range bound movement, It has broken range with a good delivery volume. We can expect price movent till 300 in the near term. Also closing above 300 will confirm channel breakout and further, it can give a price target of 350 in the mid-term.
Click on the chart
weekly chart... pure price channel based movement blue circles are support points. orange circles shows breakout & resistance. strong support at 177 . I suggest to go with breakout of upertrendline.
Check annotations in the chart.