Heading upwards perfectly taking support of parallel trend channel. Already trading above downward trend line! Upward breakout above 700 levels to show some more gains up to 715 levels in short term.
Ramco Cement: Accumulate Qty for Mid term and Long Term. Time Duration 6-10 Months Target 775-839-905 Cmp 689 Reasons: Government's policies are expect to give a big push to development of Roads and Highways, Railway Projects, Smart Cities Development, etc.. Low Debt, Management focus to increase market share
The stock is on short term pull back so sell on rise with Stop 704 for Target 661/663.50 Cheers
NSE:RAMCOCEM RAMCOCEM Long positional Entry @ 636 Stop Loss @ 625 Target 1 648 Target 2 660
Short Ramco cement in the range of 578-580. Stop loss 585. Target - 562 Trade is active.