Ramcoindustries
Simple Trade Setup | RAMCOCEMENT | 01-11-2021 [ INTRADAY]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.
2) On 15min time frame we can see it gave breakout of cup and handle pattern.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Late night Technical analysis talk Just normal video for you guys on your demand: Here we analyze the stocks given by you guys, you can put your stock in the comment section or DM me on the trading view platform :) I hope you like the content
Breakout after long time. | RAMCONSE: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.
