RAMAPHOSPATENSE:RAMAPHO
Crossed 120, its muti week breakout, small resistance near 135.
SL : 116 DCB
can do ATH.
RAMAPHO trade ideas
RAMAPHO - Breakout TradeView : Bullish
Entry Zone- 240- 200 (Trend line breakout falling wedge)
Exit Zone - Based on Trader mindset. Exit 1 - 270
Exit 2- 307
Exit 3 - 350
Stoploss : Close below 190
Trading Edge: Price action and CPR
Timeframe: Daily and Weekly
Notes: Trendline breakout of falling wedge pattern. Price consolidates since Feb 2023.
RAMA PHOSPHATE- Weekly timeframe- BULLISHIn the Weekly Chart of RAMA PHOSPHATE,
we can see that, it has broken the resistance level and is up for the bullish momentum.
Enter on breaking the weekly time frame with good momentum.
RAMAPHOSPHATES is looking good for an entry#RAMAPHOSPHATES is looking good for an entry.
It is on support of trendline and reason to enter
here is good risk reward ratio otherwise
I would have waited for breakout.
Risk reward has been shown in chart.
And again trade can be risky, be careful
RAMAPHO - Weekly AnalysisIn the Weekly Chart of RAMAPHO ,
we can see that, it has been rejected multiple times at Trendline.
Also 195 level is rejected multiple times.
Enter on breaking its High with low as SL.
Expected move is shown in chart.
RAMAPHO - Weekly AnalysisIn the Weekly Chart of RAMAPHO ,
we can see that, it has made a Decision making candle at support.
Enter on breaking its High with low as SL.
RAMAPHO - Weekly AnalysisIn the Weekly Chart of RAMAPHO ,
we can see that, it has respected the Trendline.
Also, Much selling has not happened.
Possible momentums are shown in chart.
RAMA PHORAMA PHOSPHATES is near it's triangle breakout and can deliver some outstanding returns.
Short term targets are 15-20%.
NOTE: I'm not a SEBI REG. Study before investing.
RAMAPHO - Weekly AnalysisIn the Weekly Chart of RAMAPHO ,
we can see that, it is same range since 6 weeks.
Take a small trade by entering at 220 with SL of 207.
Expected momentum is shown in chart.
Rama Phosphate - Triple bottomIndia Fertilizer Stocks - Looks like a triple bottom made - breakout from resistance should give decent gains up to 500. SL at 340 -
Fundamental triggers -
As per global survey by Plimsoll, UK, it is reported that Rama Phosphates is the 24th fastest growing company out of 405 Global Fertilizer Manufacturers.
Exit from CDR
Large in-house production capacity for sulfuric acid which enables backward integration
Trading idea of a flagStock is consolidating after a steep rise. Added position at the formation low with a 3% stop
Rama Phasphates- Trading Near Upflag Breakout Rama Phosphates is engaged in manufacturing phosphatic fertilisers, viz., SSP, fortified fertilisers, namely boronated SSP, as well as sulphuric acid and its derivatives. It also has a soya oil division engaged in extraction of soya oil. RPL markets its fertilisers under the brands, ‘Suryaphool’ and ‘Girnar’ in the states of Maharashtra, Madhya Pradesh, Rajasthan, Karnataka, Gujarat, Uttar Pradesh and Haryana.
The company has a total production capacity of 1,56,100 MT of sulphuric acid, which
enables backward integration as sulphuric acid is used as raw material for production of SSP. Further, the company has cogeneration units where steam generated is used for generating power, which leads to savings in its power expenses. Spent sulphuric acid, a by-product from the LABSA plant, will be used as raw material for producing SSP, thus, reducing the cost of manufacturing for SSP. With the newly installed plant for sulphuric acid at Indore, the company would have excess steam that would be utilised for crushing seeds to extract oil from soya seeds.
Rama Phosphate box breakoutWatch out Rama Phospate above 353 DCB. Box breakout will make the stock go up till it's recent high. Already have broken the short term trendline
RAMA PHOSPHATES LTDAdd the stock to your watchlist, wait for a retest if planning to enter the stock.
[INVESTMENT] RAMA PHOSPHATESThe stock looks good for short-term investment as expect to give 10-20% return within a month view.
To motivate me, Please like the idea If you agree with the analysis.
Happy Trading!
InvestPro India Team
Symmetrical Triangle| RR 1:10LOW-RISK TRADE
EVERYTHING LOOK GOOD
BUY PRICE 136.50
1ST SL 132.25 (50%)
2ND SL 125.45 (50%)
TARGET PRICE 187
Multi Year Breakout - Retesting Done (Pennant Formation)Rama Phosphates is involved in the business activities of Manufacture of other fertilizers.
The Stock broke out of a Multi Year Resistance with a very good volume and Rounding Bottom Formation on charts. The Stock retraced back to test its breakout level and is ready to bounce back. There is a continuous good volume seen in the stock. The stock from a technical standpoint is trading close to its 50DMA and comfortably placed above its 200DMA. The RSI is at perfect levels. There is a clear positive crossover of MACD Line on daily charts. All technical Indicators are indicating strong buy.
The Company is fundamentally very sound. The company is debt free and has a strong balance sheet enabling it to report stable earnings growth in future.
Don't Miss to add above 150 levels for Targets of 180-200 with SL at 135.
Feel free to share your feedback and queries.
RAMA PHOSPHATE LONGGIVING BREAKOUT AFTER BREAKOUT,MADE NEW ALL TIME HIGH,WITH SL OF 112 AND CLOSING BASIS 129 WITH GO LONG IN IT
PATTERN CONFIRMS with its VOLUME PROFILE in RAMA BSEBuy RAMA At CMP 141.55
Target : 152, 165, 180+
SL: 130
Risk is yours and Reward is too yours totally
