Rama Steel TubesTaking support at a long ascending trendline, I believe the retracement here is over.
Continuing the Dow Theory, the stock should make a new ATH.
RAMASTEEL
RAMASTEEL - 1D breakout with huge volumesRAMASTEEL - Clean breakout in 1D timeframe observed. The breakout came with huge volumes. The company has decent fundamentals.
RAMA STEELRAMA STEEL looking realy good for long term as well as short term trading, a strong weekly breakout happen over major resistance
Rama Steel Tubes LimitedRAMASTEEL:- Stock has given breakout after testing multiple time resistance keep an eye on it
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based on price action.
Thanks,
Ajay.
keep learning and keep earning.
RAMASTEEL - Ichimoku Bullish Breakout Stock Name - Rama Steel Tubes Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 135
#This is not Buy and Sell recommendation to any one. This is for education purpose and a helping hand to learn trading in Market.
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Rama Steel Tubes LtdNOMURA SINGAPORE LIMITED bought 100000 shares at price of 371. Also there is triangle breakout with high volume.
RAMASTEELCMP: 372
Though metal index is falling, this stock is going up.
100ema acting as a strong support.
Rama steel tubes1) Looks good above 266 on closing basis.
2) can expect 5 to 7% further move once the zone breaches
