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...
Trying to form inverted head and shoulder pattern on weekly charts. Once the pattern completes around 800, long for target of 950 and above. Look for volume with breakout.
Ramco cement looks like going up for short span. but still in correction
The Scrip is possibly moving for an Inverted HnS pattern and we may see a good upmove in this scrip. keep this in radar.
RAMCO CEMENT Cmp - 1028 Stop - 1000 Expectation - T1 - 1070 T2 - 1120, Review at 1120 Expected Holding Period - 3 months or earlier for T1, 5 months or earlier for T2 View:- Swing/Investment
support at 465 -367 bo above 527 target 1 695 target 2 900 target 3 1040
Ramco Cement >> can be taken for swing, In sideways channel, sl is small i.e 900 for target of 1110 TRADE ON YOUR RISK! CONSULT YOUR FINANCIAL ADVISOR
NSE:RAMCOCEM I am posting this from one of the follower's request on Twitter. Observations: 1) On daily time frame, we can see it took Good support from 50DMA and gave breakout of 1050 level. If it gives dip till 1040/1050 level and takes support from it then it will be buying opportunity. Target will be 1140. Please refer below chart : 1day Time Frame....
Ramco Cement Sell On Any Rise To 988-1000 SL - 1035.1 (Day Closing Basis) Target - 915/875
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...
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.
inverse head & shoulder break out above 305 can lead to 500+ level
Technicals: 1. Made a double bottom 2. Breakout with a good volume with a single candle. 3. RSI convergence Three different indicators pointing in the same direction give the trade the power of confluence. However, the entry should be made only after a successful retest. The target can be decided with the help of the Fibonacci tool as it will be making new highs...
After a good retracement stock is trading at support and RSI is making HH. Long - If RSI trades above 50 T - 900 Disc: Not a trading recommendation. Educational purpose only.
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