RAMCOCEM
#RAMCOIND 13% $return #RAMCOCEM #ULTRACEMCO #ACC #SHREECEM #STAR#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 Positive
Risk Return Ratio is healthy.
And
Rising from the Bottom to V Shaped Pattern to Flag Pattern forming
The stock might cross its all time high.
Compare with peers
NSE: ULTRACEMCO
NSE: RAMCOCEM
NSE: ACC
NSE: SHREECEM
NSE: INDIACEM
NSE: JKCEMENT
NSE: JKLAKSHMI
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With 💚 from Rachit Sethia
A long short term trade of RamcoA good breakout with a significant amt of volume indicates the stock to reach 300 levels in the coming days. One can even wait for a retest at resistance to buy the share at a discounted price for max profit.
Rounding Bottom Formation in RAMCOCEMChart structure looks like RAMCOCEM forming a Rounding bottom pattern. Currently its trading near its bottom level of this pattern. Expected it will complete this pattern within upcoming few trading sessions. At 1090 level it will face the neckline(resistance). Here either it will breakout this neckline or possible slightly consolidate 1-2 trading session. In case successfully breakout of this level gives strong uptrend in this stock towards the new level.
RAMCOCEM at its Support , buy at 777I will buy RAMCOCEM because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 777
Target : 909
Stop loss : 748
Ramco Cements Long TradeTechnicals:
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 if the trade goes in our direction.
RAMCOCEM - Bullish breakoutNote: This is for educational purpose only and do not trade F&O options based on this analysis.
There seems to be a bullish breakout post W pattern formation with high volume. Similar breakout can be seen on RSI as well. RSI above 65 indicates bullish momentum.
SL: 850₹
#JKLAKSHMI #AMBUJACEM #SHREECEM #INDIACEM #ULTRACEMCO #RAMCOCEMNSE:JKLAKSHMI
#JKLAKSHMI
CMP: 345.35
Target: 395 ++ {HOLD for higher UP SIDE!}
SL: 327
Time Frame: ~ 1 month
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RAMCOCEM - Bearish flag formation in an hourly chartHi Swing Traders,
After a nice upside run, RAMCOCEM has formed a nice bearish flag (in a perfect channel form). It might retrace to re-confirm the first break-down point. Rest is drawn in the chart for the probable future direction.
I hope you will benefit from this knowledge
-MetaVish
Ramco : Investment Opportunity NOVEMBER 2020 PICK :
Accumulate between 800~860 levels on pullback after BO
With SL on DCB below 750
Expecting 1300+, 1500+ in 6 to 15 months
NSE:RAMCOCEMRAMCO CEMENTS (WEEKLY CHART) :- BUY AT 880 WITH SL 740 WCB FOR TARGET 1200++
#Disclaimer:-I just shared view for only educational purpose.
Intraday / Swing Setup: Can touch 815 soonIntraday / Swing Setup: Can touch 815 soon. For detail analysis and trade setup please follow me. Note: I am not a SEBI register and view is only for educational purpose as well as personal, always consult your financial advisor before investing or trading.
