Channel Break Fake Break Down to Channel fake Break Out Price is moving in particular Channel. The crucial point of resistance is at level 870. If the Price sustain above 870 the next target could be 910 and further 950.
RAMCOCEM trade ideas
Long1) Trend line support & accumulation with RSI Hidden divergence
2) Pull back trendline Brealout with good Volume
3) Trend line support & Double bottom formation & It's Breakout
Can initiate long position above today's high if we get. Sl willCan initiate long position above today's high if we get. Sl will be yesterday's low
View on Nifty and Banknifty and IT STOCK TCS INFY
DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK
BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL
INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
RAMCOCEM | Double Bottom & RSI DivergenceRAMCOCEM | Double Bottom & RSI Divergence - Looks good for a bounce - 6% Potential
CMP : 780
SL : 760
Target : 825
Almost 1:4 risk reward setup
RAMCO CEMENT INVSTMENT/TRDING IDEA. FOR 60 %..BUY TRIGGERS LOWBUY ORDER TRIGGERS NEAR 800- 750 RANGE FOR A TRGT OF 1313...60% RETURNAS.. 6 MONTHS TIMEFRAME
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
RAMCOCEM, READY TO FLY WITH THIS CEMENT SEC STOCK (CHART# 381)RAMCOCEM has given very good breakout and is near to 900 (psychological resistance). If this manages to stay afloat above 890-900, then it has very good potential to move tomorrow & coming days.
If this after 30-40 move, give a pullback and take 880-885 as support then it will give us double confirmation to enter.
Watch my other charts to understand simple price action used for all of the analysis. Keep your charts simple and free from lagging indicators. Reach out if you wish to learn powerful technical analysis based on simple price action.
Thanks
Piyush Gupta
Ramco cementsOn daily following a channel. Recently broke out on resistance with good volume. Gonna retrace back and move ahead as shown.
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
