In 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 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.
In 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.
India 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...
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,...
The 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
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...
![RAMAPHO: [INVESTMENT] RAMA PHOSPHATES](https://s3.tradingview.com/b/BwO827du_mid.png "[INVESTMENT] RAMA PHOSPHATES")
