RAMCOCEM trade ideas
Ramco Cement - Channel (Buy On Dip).Nicely Moving In Channel.
Every Time It Took Support @ 0.786 Fibonacci (Lower Line of Channel) & Bounced Till 1.27 Fibonacci (Upper Line of Channel).
Will It Respect 0.786 Fibonacci This Time?
Break Out Retest.
Buy On Dip.
Risk Reward Looks Favourable.
Other Details Mentioned In Chart.
Positional View For Educational Purpose Only.
Please Consult Your Financial Advisor Before Taking Any Decision.
I am not SEBI Registered Financial Advisor.
BUY RAMCOCEM if breaks 643 again , target 648 ,second target 652BUY RAMCOCEM if breaks 643 again , target 648 ,second target 652
Ramco Cements Swing BetBuy with stop loss at PDL. India cements already shot up. Why we are waiting for.
Ramco cements short term viewIndicators are showing short term reversal. Target and stoploss are given in chart. CMP:688.
Vijayaraghvan,
Kovilpatti.
RAMCOCEMForming Daimond chart pattern in daily chart. Close and sustain above 702 upside possible targets 748 / 780 Levels
Ramco Cements Investment Idea - Kerala Flood EffectSouthern Players - India Cements and Ramco Cements posted bad results because their focus was on expansion rather than profitability which lead to a bubble in operating expenses. It got more hammered on the ground of pet coke ban. But pet coke ban is lifted now. The effect is still not factored in which will be very much positive anyways.
And now comes the Kerala flood, both India Cements, and Ramco Cements have huge exposure on Kerala. Calamity-stricken residents will be in the huge rush of repairing their home leading to an unusual demand for cement which will create lack of supply resulting in an increase of cement price as well as higher profitability.
Election 2019 will have synthetic effect anyways because of the affordable housing theme!
RAMCO CEMENTS Lifetime BreakoutRamco made a lifetime highs a while ago, re-testing it a few times before.currently in the breakout/ reversal zone.
RAMCOCEM has formed Bearish EngulfingGo Short on RAMCOCEM as its formed bearish engulfing. AND cracked OBV shows that major players have sold the stock as it was range bound since few days.
Short RAMCOCEM at 705. Target 695 with SL of 710
