RAMCOCEM trade ideas
Ramco Cements showing upside potentialRamco Cements for the last weeks days has been falling steeply and has come back to its earlier support levels
Analysis of candles of last few days clearly is indicating strength at these support levels as represented by the wicks on downside and strong upside closings.
I believe it will reach its previous swing high again , and may also break that level to make new highs but we will have a conservative target of the swing high since it is enough to achieve a 1:2 Risk reward ratio with stop loss being shy below the support levels
Take any trade on your own risk , I shall not be held liable for any losses made by you by making any positions in the market
5 REASONS TO GO LONG ON RAMCO CEMENT.RSI Monthly- Near 60 support.
200 EMA - Near to this (we can see earlier also the stock had turned from 200 EMA)
Trend Line- If we draw a trend line from around March 2020 till date we could see the same is being respected
Fibonacci Support - If we draw a Fibonacci from last swing low we could see the current price is hovering around 50% support.
Volume - Near to this area strong increase in volume could be seen.
STOCK FOR THREE DAYS RAMCOCEM.Good evening Friends
Today we are going to talk about RAMCOCEM The level to watch iS 1110. Remember we are only expressing our opinion on the stock there is no recommendation at al.For detailed analysis watch the video and provide your feedback so that we can improve ourself.
Thank you and Regards.