Metal stocks are in bullish. this tube & metal stock is going to start it's second phase of run after resting a long time. all moving averages are compressed and price action is showing buy signal. targets are marked on chart.
We have attached the chart here for highly potential upward rally stock People and smart money showing their interest in the stock and as a result we have noticed high delivery of QTY In recent days but still do not buy until it break the trendline resistance as well as immediate horizontal resistance. Disclaimer - Education Purposes only, Make your own Research...
Breakout possible in Ratnamani Metals & Tubes Ltd..................................
Go Long @ 2915.1 for Targets of 3110.2, 3305.3, and 3500.4 with SL 2720 Reasons to go Long : 1. On a Weekly timeframe if we draw the Fibonacci retracement tool from the recent swing low (point A) to the recent swing high (point B) then we see stock took support from the 0.382 Fibonacci level. 2. In addition to this a bullish candlestick pattern Bullish Harami...
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before...
#RATNAMANI trading above Resistance of 3167 Next Resistance is at 4803 Support is at 2131 Here is previous chart: Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined. Disclaimer: This is for demonstration and educational purpose...
RATNAMANI METALS AND TUBES LTD Bullish Flag Pattern in a 60 min time frame. Positive quarterly results. Ratnamani Metals & Tubes Ltd.'s Revenue was higher than average estimate 2 times in past 3 EPS is expected to grow by 17.7% in FY24. FII/FPI have increased holdings from 12.79% to 12.87% in Sep 2023 qtr. Disclaimer: For educational purpose only. Please do...
Chart is self explanatory Already broken out with huge volume candle Volume on chart shows demand Already high in sky meaning no supply or resistance zone above Don't just blind buy..... This ain't no tip......Buy at ur own risk Comment down below ur views and lemme know what u think abt my review.
3rd trade in the series Buying RATNAMANI in hourly POSITIONAL trade
This share will go up based on my analysis. Only for Swing This is just for an education purpose only. Kinldy do your own research before investing.
BUY above high of brakeout candle with 1:2 take profit
Sell Ratnamani in Positional for target of 2125.60. Enter around 2179.95 to 2190.80. Target likely to be hit in the next 2-3 trading days
#Ratnamani metals -Positional call 29.08.2022 Stock is in uptrend and given a nice Ascending traingle breakout. chart shows the rising channel as price making higher lows and making continues resistance and closed above the resistance zone. If high is crossed with volumes it will be sign of superbreakout. Buy above 1930.10 Stoploss 1820 Target 2140/2400 Cmp 1887.65
According to chart Pattern the stock should reverse from here? Otherwise downside target is 1700.
Ratnamani : Facing Stiff Resistance, might breakout Strong Long above 2650 with SL 2600
Ratnamani : Good Breakout Sustaining 2525 might take it to new 52 week high 2650 soon
Ratnamani Metals tgt 3000 soon.... .382 2185/- .5 2543/- .618 2703/-
CMP: 2288 - Low volume stock - Trading near All Time High region (2335) - FIIs & DIIs have increased their stake in the last few quarters - QoQ Increasing sales