RAMCOCEM trade ideas
RAMCOCEMENT NEAR BREAK OUTLOOKING GOOD FOR DELIVERY TRADE ABOVE 1012
FOR TARGET 1 1043 IF BREAK AND SUSTAIN
TARGET 2 1110
STOP LOSS 981 (STRICT EXIT)
*************SUGGESTION IS ONLY FOR DELIVERY***********
Multiple Trade confirmation- RAMCOCEM- Type of trade- Swing Trading.
1) Entry: 995 to 1001 2) SL: 75 3) Target- 1030
4) Time Target- 5 to 20 Days
----------------------------------------------------------
-Multiple confirmation from Moving average
- Respecting support as it has tested support level 3 times since Feb'21.
-Triangle Breakout in day timeframe
- Double exponential MA confirmation
- Crossed MACD
- RSI is currently at 58.60
------------------------------------------------------
This is just a study and I have all right to be wrong. Kindly do your own study before entering in this trade.
Note- Add in your watchlist and keep a track on it. I have added multiple indicator and studies to find the additional confirmation.
I follow only 2 indicator which gives me decent Risk Reward. Exceptions for gap up and gap down.
Ramcocem - Triangle breakoutPrice forming triangle pattern and it is expected to break the resistance and move up.
Ramco Cem Head & ShouldersRamco Cem doing Head & Shoulders Pattern In Day TF and in good Demand Zone too Waiting for Either Breakout or Breakdown. Observe and Act accordingly.
Ramco cement stock for long entryLong Ramco between the range 935-940 for the target price of 1010 with SL of 915. Stock is expected to take the support as stock is trading in the support & resistance level
This is for your educational purpose only.
Ramco Cements - Ascending Triangle Ascending Triangle formation in 30 min TF
CMP - 963.40
Target - 1000
StopLoss - 950
1:4 risk reward
For Short term trade
Please give a like if you find it useful and leave your feedbacks in the comments. Thank You!
Happy Trading!
H/S IN THE MAKINGChart is clear.AGGRESSIVE TRADER CAN SHORT NOW OR ON ANY RALLY. SL >985.TGT OPEN. Not so aggressive traders can keep watching for b/down of nekline.THIS IS MY PERSONAL OPINION NOT TRADE RECOMMENDATION. Trade on your own judgement.
RAMCOCEM Bearish - Head and ShoulderRAMCOCEM has formed Head and Shoulder pattern and looks bearish.
Buy Ramco cement with Sl 925Buy Ramco cement with Sl 925 for target of 978/999
Key Observation:
1. Change in price trend with volume
2.Increase in OI by 8%
RAMCO CEMNET (SWING TRADE)Ramco cements at crucial support lvl can give good breakout... if breakout happens then it is a good candidate for swing trade
Thank u :-)
