Long Position in Ramco CementLooking at the chart in the higher time frames you can see a clear tap in to the M timeframe OB.
A strong displacement to the upside creating a OB in the W timeframe - unmitigated.
Gap at the top acting as a magnet for price to move into.
Very clean CoCH and BOS giving confirmation of the move up into higher levels.
A great entry be entry in the GOLDEN level of price retracement - 60% fibs
Levels are in confluence with the W +OB.
Expect price to tap into the W +OB and move higher to the magnets (GAP liquidity, trendline short liquidity)
RAMCOCEM trade ideas
Start of Impulse in RAMCO Cement ?Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor
before taking any investment decision
Smaller ABC correction after an Impulse has ended near 61.8%. It can play out the below two scenarios
1. Major Wave 2 of New Impulse has ended - In this scenario it could be a good investment level with an upside target of at least 30% (around 1000 levels)
2. We are in wave C of Major ABC - In this scenario it could be a good swing trade with an upside target of at least 10% - 12% (around 860 levels)
For any entry at the current level, stop loss of 3-4% should be good
Analysis of Ramco Cement stock price action.The price of Ramco Cement is starting to move upward from a weekly demand zone, making it a promising buy at the current market price. The first safe target is the recent supply zone, which is near 821. Therefore, a swing trade from 782 to 821 looks feasible.
S&R_Ramco Cements
Currently Ramco Cements trading @ Support, Having Upside possibility with 24% till Rs.1041.
Go long in Cash Market and wait for pullback to Give entry in daily timeframe for F&O.
Exit the trade when price closes below previous candle Low or Stoploss level.
Happy Trading!! Only for educational purpose.
Ramco Cement Support and resistanceThe resistance line indicates a price level where selling pressure may increase.
The support line represents a level where buying interest could emerge.
This is my personal view.
Study the stock and analyze it.
Note: Remember that investing involves risks, and it’s essential to conduct thorough research and consult with a financial advisor before making any personal investment decisions.
RAMCOCEMHello ,
price is traded at support area so it s possible chance that price will move upper side
after breaking of trendline entry will be possible also RSI showing divergence
Stop loss will below 1 support area which is marked in green area
target as marked in read zone.
This idea is for Educational purpose and paper trading only. Please consult your financial advisor before investing or making any position. Facts or Data given above may be slightly incorrect. We are not SEBI registered.
RAMCO CEMENT UPSIDE MOVERamco Cements is currently displaying strong trading activity with significant volume and a notable breakout above the resistance level. The stock successfully breached its resistance, indicating potential bullish momentum. After the breakout, it retested the trend line, confirming the newfound strength.
The current support for Ramco Cements stands at the 910 level, suggesting a firm base for any potential retracements. With this breakout and support level in mind, the stock's price target appears to be in the range of 1000 and 1060, offering investors the possibility of solid gains.
RAMCOCEM | Investment Pick📊 DETAILS
Sector: Cement
Mkt Cap: 22,440 cr
Ramco Cements Ltd is engaged in manufacture of cement, Ready Mix Concrete (RMC) and Dry mortar products. It primarily caters to the domestic market of India.
TTM PE : 80.14 (High PE)
Sector PE : 46.97
Beta : 0.73
📚 INSIGHTS
MID RANGE PERFORMER
Stock with medium financial performance with average price momentum and valuation. These stocks may be affordable and are showing some investors interest.
1.46% away from 52 week high
Outperformer - The Ramco Cements up by 5.23% v/s NIFTY 50 down by -1.55% in last 1 month
📈 FINANCIALS
Piotroski Score of 5/9 indicates Average Financials
Disclaimer: This analysis Is For educational purposes only, And I'm not a SEBI registered analyst.
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$NSE:RAMCOCEM Is Ramco Cements going up ? May be May be....NSE:RAMCOCEM Is Ramco Cements going up ? May be May be....
Ignore if huge gap down or gap up.
Follow strict stop loss.
Do your own research before investing or trading in any stock or indices.
Disclaimer:
This is not a financial, investment or trade advice. Its only for educational purpose.
RAMCOCEM Bullish; above 957 on Thursday 05th Oct RAMCOCEM Bullish; above 957 on Thursday 05th Oct
Please check out the INTRADAY Trading Strategy in the COMMENTS section below during the live market hours:
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1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within the first five to 15 minutes. "High Risk Traders" buys in hope of another 2% upmove intraday.
"High Risk Traders" may have to patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also
2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage").
Safe traders with minimum risk profile may Wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage
3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again.
Both Safe Traders/High Risk Traders may book profits at this stage
Stop Loss: You may keep the stop loss @ "Open" price of the day OR "Breakoutprice"
The above information is not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendation.