RAMCOCEM trade ideas
Ramco Cements in no chart zonemonthly supply zone breakout with above average volumes. Fibo targets on charts.
RAMCOCEM at its Support , buy at 777I will buy RAMCOCEM because :
It has been taking support at the trend line .
It has touched the support.
So will be looking at buying opportunities.
If it breaks the support look at shorting
Entry : 777
Target : 909
Stop loss : 748
Ramco Cements Long TradeTechnicals:
1. Made a double bottom
2. Breakout with a good volume with a single candle.
3. RSI convergence
Three different indicators pointing in the same direction give the trade the power of confluence. However, the entry should be made only after a successful retest.
The target can be decided with the help of the Fibonacci tool as it will be making new highs if the trade goes in our direction.
long ramcocemRAMCOCEM
broken weekly resistance and cup and handle pattern(target : 1350)
broken out monthly w pattern
broken out daily w pattern( target : 1040) with volumes
Daily RSI taken support at 60
RAMCOCEM - Bullish breakoutNote: This is for educational purpose only and do not trade F&O options based on this analysis.
There seems to be a bullish breakout post W pattern formation with high volume. Similar breakout can be seen on RSI as well. RSI above 65 indicates bullish momentum.
SL: 850₹
Some chart cant be ignored, It is one of themW Pattern, RSI resting on 60, Consolidating and Breakout. What else you require
Double bottom/W pattern formationThe stock is making a double bottom/w-pattern around the ATH and looks good for more upmove above 903.5 level
Ramcocements positional LongAfter a good retracement stock is trading at support and RSI is making HH.
Long - If RSI trades above 50
T - 900
Disc: Not a trading recommendation. Educational purpose only.
RAMCOCEM retesting 8 months old TL!Ramcocem is struggling at the top unable to make newer highs and is now retesting it's 8 months old TL. One can go short when this TL gets breached and expect 770 in the short term and even 690 levels to be tested again in the days to come.
Buy Ramco CementTrade Setup: As per Chart
NSE:RAMCOCEM
Imp:
1. Trading requires more than technical analysis . e.g. Risk Management, trade management, psychology etc.
2. Always follow stop loss.
3. Once a trade is in your direction (say) 3%, never let it go in a loss.
4. Simply follow rules. Nothing else..
Ramco go long!Can be called a morning star with resistance breakout. Looks like trend reversal to me.
MACD Bullish crossover.
RSI being a lagging indicator might show up above 60 in a day or two.
Channel Break Fake Break Down to Channel fake Break Out Price is moving in particular Channel. The crucial point of resistance is at level 870. If the Price sustain above 870 the next target could be 910 and further 950.
Long1) Trend line support & accumulation with RSI Hidden divergence
2) Pull back trendline Brealout with good Volume
3) Trend line support & Double bottom formation & It's Breakout
Can initiate long position above today's high if we get. Sl willCan initiate long position above today's high if we get. Sl will be yesterday's low
View on Nifty and Banknifty and IT STOCK TCS INFY
DISCLAIMER : I AM NOT A SEBI RESITERED ADVISOR SO TRADE ON YOUR RISK
BUT I HAVE GOOD EXPERIENCE IN STOCK MATKET FROM LAST 17 YEAR SO I AM JUST SHARING MY EXPERIENCE WITH YOU ALL
INVESTMENT IN STOCK MARKET IS SUBJECT TO MARKET RISK
RAMCOCEM | Double Bottom & RSI DivergenceRAMCOCEM | Double Bottom & RSI Divergence - Looks good for a bounce - 6% Potential
CMP : 780
SL : 760
Target : 825
Almost 1:4 risk reward setup
