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.
Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor...
This chart is self explainatory nothing much to write just writing for the sake of criteria. but make sure you take it only for educational purpose only.
We can go
Long in intraday above 730.60
Short in intraday below 719.40
Volumes are indicating more towards the Bullish side , but still, we can plan and trade both sides!
RAMCOCEM has formed extended head and shoulders on 1D chart along the 920 baseline. Breakdown from here can be significant hence caution suggested for longs. No fresh shorts yet as the trendline is not broken. If the baseline is broken, the stock can see a measured move fall toward 750.
If 1hr candle closes above 1005 with volume then buy stop loss given in chart @975
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this view is for educational purpose only.
The Ramco Cements Ltd - 05.12.2021
The stock is trading @ 950 levels
The prices are below ema
The stock is trading under a Channel Range
There is a Doji in weekly chart
Stochastic Bullish Divergence in Weekly Chart
let the prices go above 981 levels
watch out for the price action
As you can see in the chart, 924 is strong support many times stock tested this level.
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If tomorrow, stock break the support level & goes below 924, we can buy this trade for the target of 900.
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What's your view on this comment below in the box.
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Note: we will only buy this trade once it goes below 924.
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....
The Ramco cement is in an up trend , Bullish sentiment are still there but it is on chart making a crucial support zone between 930 to 920 , keep an alert on this level as reversal setups on these zones are potential trades.
50 MA Acting as support for Ramcocem on weekly chart
Expecting first target of 1088
Second Target 1126
SL 930 Weekly Closing basis
Do your own analysis before investing
![RAMCOCEM: Simple Trade Setup | RAMCOCEMENT | 01-11-2021 [ INTRADAY]](https://s3.tradingview.com/x/xt9uMq8C_mid.png "Simple Trade Setup | RAMCOCEMENT | 01-11-2021 [ INTRADAY]")
