For Ramco cement is getting ready for the breakout from the level . since last few days this stock is struggling to cross the Resistance level.
Add the stock in your watch-list & ready to taken for long once the line has been broken on the charts.
RAMCOCEM currently on trend line support.
Breaking this will make Stock to reach further below to support zone.
Levels mentioned on chart.
Add to watch list
Inverted Head & shoulders formation in Ramcocem at 23% Fibonacci retracement. Long positions can be created above 560 levels with targets of 600(50 EMA) & 621(38% retracement) with a stoploss of 550.
Hurdle at 824
sl 829 on clbs
with possible level of 800/795 around.
No buy sell / recommendation
Follw @ twitter - TheSachinJain for more updates and live trade.
Buy Ramco Cements on a minor dip with a SL of 597 and target of 617.
Adjust trading volumes as per entry price.
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