Making a better breakout candle in a consolidationThe overall steel space looks okay
Entry: 12+
Target in short term: 15%
Long term: Covering the whole retracement move back to highs
RAMASTEEL trade ideas
4 Stocks. 4 Stories. Here's How I See Them Without Predictions..Purely chart-based view. No bias. No advice. Just how I interpret these right now
I make educational content videos on Swing trading .
RAMASTEEL (Rama Steel Tubes Ltd)- Analysis Bullish Levels -if sustain above 10 (early entry risky) then 12(safe entry if sustain above this for a week) first target can be around 16 if sustain above for a week or two then we expect more upside and wait for targest around 21 then 26 and last stop would be 31?
Bearish levels :- if sustain below 7 then 5 good support if come around this levels add with SL of 3 below this more bearish.
**Consider some Points buffer in above levels
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BUY TODAY SELL TOMORROW for 5% DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and the rest of the time they either consolidate or fall
Trendline Breakout in RAMASTEEL
BUY TODAY SELL TOMORROW for 5%
Rama Steel Tubes: Double Bottom Near Breakout – Potential Upside"Rama Steel Tubes: Double Bottom Near Breakout – Potential Upside Ahead"
Stock: Rama Steel Tubes Ltd.
Analysis:
Rama Steel Tubes is showing promising technical and fundamental signs of an upcoming bullish move. The stock has corrected to fill a previous gap and has now formed a double bottom pattern. Some traders might interpret the current flag pattern consolidation as a strong bullish signal, with the recent Doji candle indicating indecision before a breakout.
Key Highlights:
Technical Setup:
Double Bottom Formation: Indicates a potential trend reversal.
Flag Pattern: Consolidation within this pattern suggests bullish continuation.
CMP is ₹13.52, presenting an excellent risk-reward setup.
Recent Acquisition:
The company acquired another firm through a preferential issue at ₹15, highlighting growth intentions.
Institutional Confidence:
FII/FPI Holdings: Increased from 0.05% to 0.17%.
Institutional stake mirrored the same increase, reflecting confidence from larger investors.
Target Levels: The stock is likely to test the next resistance zone at ₹16.84, offering significant upside potential.
Trade Plan:
Entry: Near CMP ₹13.52.
Target: ₹16.84 (short-term).
Stop Loss: Below ₹12.50 for risk management.
Disclaimer:
This analysis is for educational and informational purposes only and should not be considered as financial advice. Please conduct your own research or consult a financial advisor before making any investment decisions.
Turning Bullish: Rama SteelRama steel has decisively broken the 12 levels.
The same level was tested on first week of August.
There was a strong pullback to previous levels of 10 -11.
However, this level was broken (20 EMA > 50 EMA)confirmed by volume as well.
The volume has been steadily increasing.
However, we need to watch the next few sessions closely to decide the entry point.
news base oppotunitynews:
the company entered into a partnership with Onix Renewable Ltd. to supply steel structures and single-axis trackers for solar energy projects, with plans to eventually expand into dual-axis trackers.
Onix Renewable Ltd., the partner company, is involved in various sectors of renewable energy and currently has 600 MW of projects underway, with an additional 2200 MW planned. The new partnership is expected to contribute to the success and durability of these solar projects.
Rama Steel Tubes has incorporated a wholly owned subsidiary named, Rama Defence on 31 August 2024. The new company will carry out business in the field of defence sector such as trading, importing, exporting, manufacturing, assembling and supplying of defence equipment, arms, ammunition, explosives and related military and security hardware etc
focus:
: rama steel ltd enter in 2 most demanding sectors defence and renewable energy.
: fuuture growth of these sectors are too high,
: after news in stock shows heavy fii inflows
market cap before news 1500 cr
current market cap 2052 cr
price before news 10.30
current price 13.46
target price 24-30
*boost post and follow us for more news and valuation base data and research
bounce incoming? looks like ramasteel reached a good level to bounce
Company has reduced debt.
Company has delivered good profit growth of 28.3% CAGR over last 5 years
Company is into manufacturing and trading steel tubes and pipes and galvanised iron pipes. Its product range includes MS ERW black pipes and galvanised iron pipes in light, medium and heavy sizes
Buy Ramasteel for a target of 16Buy Ramasteel for a target of 16 in 6 months, can be held for a longer time, looks to be on the up trend
RAMA STEEL TUBES GOOD FUNDAMENTAL STOCKSTotal view is for learning not buying recommendation profit yours loss yours
if u enter please male stoploss at target 1 and 2
Rama Steel TubesTaking support at a long ascending trendline, I believe the retracement here is over.
Continuing the Dow Theory, the stock should make a new ATH.
RAMA STEEL. Is this steel strong enough?Hi everyone. Rama steel appears to have come out of a triangle breakout which was followed by a retest. Now it seems to be in the accumulation zone.
Company has reported good quarterly results.
Let's wait and see if this steel is strong enough.
Technical Analysis for RAMASTEEL**Technical Analysis for RAMASTEEL:**
- **Pattern:** Bullish Pennant.
- **Status:** Waiting for breakout.
- **Note:** Wait for weekly candle closing for confirmation; avoid entering in panic.
Trade cautiously, as patterns may change. Monitor for a decisive breakout and consider long-term trends. #RAMASTEEL #TechnicalAnalysis #StockMarket
RAMASTEEL - 1D breakout with huge volumesRAMASTEEL - Clean breakout in 1D timeframe observed. The breakout came with huge volumes. The company has decent fundamentals.
RAMA STEELRAMA STEEL looking realy good for long term as well as short term trading, a strong weekly breakout happen over major resistance
My Pick for 2024 #1Rama Steel
-about to break flag pattern
-rsi already showing momentum
-wait for volume confirmation
-i am expecting 80-100% return this year
BREAKOUT IN RAMA STEEL📌SWING TRADE FOR NEXT WEEK🚀
Hello guys,
I am a swing trader by passion i only trade on swing stocks.
📌I post daily SWING CHARTS analysis on my trading view profile..
so let's start
📌TRADE ANALYSIS OF CYIENT DLM :-
•Breakout of symetrical pattern on DTF
•Break counter trend line and hidden lines
•Volume increases last few weeks high
•Bullish trend/ make good structure also
•Made good price action
•Make higher highs/higher lows
📌 If you have any questions about any stock you can comment on post 📱
📌Disclaimer:-
This all chatrs analysis are only for educational purposes only
I do not provide any CALL or Tips
RAMA STEEL TUBES LONG AFTER BREAKOUT Lets see the formationThe above study is just a practice after studying the chart patterns
while I have discovered this pattern as per the study waiting for the CUP & HANDLE formation to complete
Disclaimer - This is not a Stock recommendation.
Investments in securities are subject to market risk. The value and return on investment may vary because of changes in interest rates, foreign exchange rates, or any other reason.
It's an educational post for analyzing, learning & discussing general and generic information related to stocks, investments, and strategies.
📈 Exciting Bullish Pattern Alert! 🐂📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling channel
📌 Symbol/Asset: RAMASTEEL
🔍 Description: Sstock is around medium term support. And also its in a falling channel. We may see upside after breakout of channel.
👉 Disclosure: We are not SEBI registered analysts, this is not a buy or sell recommendation. Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
📈 Exciting Bullish Pattern Alert! 🐂📊 Pattern: Rising Wedge
📌 Symbol/Asset: Rama Steel Tubes
🔍 Description: Possibility of bounce back from support
👉 Remember: Technical patterns are just one piece of the puzzle. Consider conducting further research, consulting with a financial advisor, and managing your risks appropriately.
Rama steel good for buying opportunity.It's look Rama steel have very opportunity in buying side.
Easily we can catch 5 points in it..
Holding period - 45 days.
SL - according to your risk management.
rama steel longrama steel looking powerfull chart..one can ride for long with the target of 60 with Stop loss 34 with day closing basis
