Ichimoku Cloud Broken
Price Retraced After Good Upmove
All The Leading Technical Indicators Positive
Cement Stocks In My Buying Scanner
Buy Ramco At Cmp 902
SL - 860 ( Day Closing Basis )
Target - 1055/1135
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...
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
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....
![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]")
