RAMCOCEM trade ideas
Stock for long term investment The ramco cements is trading near all time high and about to break the resistance. It can be a good pick for long term portfolio from here.
#RAMCOCEM CASH : LOOKS BULLISH ABOVE 841#RAMCOCEM CASH
11.04.2020
LOOKS GOOD ABOVE 841 AND DIPS 825-830
STOPLOSS 818
TARGET 864/888
CMP 835.85
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.
Watchout for trendline breakoutThe stock rallied from 747.5 to 764 as was given in my prior trade. Now watchout for trendline breakout above 764
Cup and Handle FormationThe stock is forming a cup and handle pattern and looks good for long above 747.5. Next resistance is around 764
Consolidate long term.This is a weekly chart.
Looks line 690 is a very strong support level (indicated by dotted blue line) but do not forget the top dashed red line which is downward sloping. If the upward trend has to be continued, it has to break that line with good momentum. Until then it looks like to be in a consolidation.
go clearthis scrip is religiously following this trend and today it resides at its support . can consider this in your watch list!
RAMCOCEM is Making Rectangle Channel Pattern (Breakout Trade)Ramco Cements Limited ( NSE:RAMCOCEM ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Ramco cement stock for long entryD BO done long entry can be taken above the price of 708 TGT level 730 SL 692 if stock sustain above the level of 735 then level of 755 can be seen.
always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
Watch the August month performance sheet. All trading ideas freely shared here for your education & support.
drive.google.com
RAMCO CEMENTS SWING ALERT!!NSE:RAMCOCEM
The stock is riding in a long term uptrend from its march lows. Possibility of a short term swing exists if it breaks the hurdles at 732 and 742. Price target is 766 and if any sudden breakout occurs it may reach 787.
RAMCOCEM, BREAKDOWN FROM SUPPORT & FIBO REJECTION (CHART# 303)WEAK BELOW : 674 (Watchout for Fibo support at 670)
FOR SAFE TRADERS : MORE WEAKNESS BELOW 668 (below Fibo support)
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Reach out if you wish to learn simplest form of price action and willing to put effort in practice.
Cheers!
Piyush Gupta
