Hello traders, RAMCOIND is about to break it's 21 year resistance which is also ATH. buy above 325 for swing. can move upto 600 targets. keep in radar check my other ideas to get to know about all the successful trades based on price action. Thanks, Aniket.
inverse head & shoulder break out above 305 can lead to 500+ level
As we can a strong Resistance @ 325, was on 15 Jan '18, we can see a retracement. now its in the line P, if it breaks, it can reach R1, which is @ 295 and further @ 304. RSI - 60+, partially strong. MACD gave buy call back on 23rd June '21, its also a good time to enter. MA also cuts, volume is also comparatively good.
Details given in the chart
ramcoind chart analysis for intraday and swing trading
ramcoind chart analysis for intraday and swing trading
#RAMCOIND NSE:RAMCOIND CMP: 282.50 Target: 320 Stop Loss: 254 Time Frame: Approximately 2 months. Factors: Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Higher Highs & Higher Lows. Breakout above RESISTANCE levels Trading at SUPPORT levels Fundamental are strong. Earnings report & quality strong EPS...
A good breakout with a significant amt of volume indicates the stock to reach 300 levels in the coming days. One can even wait for a retest at resistance to buy the share at a discounted price for max profit.
ramcoind chart analysis for intraday and swing trading
It's moving in a channel and making higher high. Stock is in a bullish trend. After many days of consolidation and range bound movement, It has broken range with a good delivery volume. We can expect price movent till 300 in the near term. Also closing above 300 will confirm channel breakout and further, it can give a price target of 350 in the mid-term.
Very bullish in long time byy in current situation
This may give a breakout above 219 from the ascending triangle consolidation THIS IS NOT A TRADING IDEA EDUCATION ONLY I AM A LEARNER and may be TRADING AS WELL
Trend looking Bullish on the daily time frame. A close below 177 will be our Stop loss. Otherwise Targets can be 204. Long term 286. Cement sector also looking bullish .