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.
Reason for long - Consolidation breakout
High risky penny stock: position sizing not more than 0.1% of total capital and has risk of complete erosion of invested fund in this stock. It is purely experimental investment and purely based on technical. The organization is non-significant profit making, but volume increased in recent times.
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**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
📌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..
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📌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...
The 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,...
📈 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...
📊 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.
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.
RAMASTEEL:- Stock has given breakout after testing multiple time resistance keep an eye on it
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
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