Ramco Cements - Ascending Triangle ViewRamco Cements :
Ascending Triangle Breakout Possibility
Long above 1050 with a SL 1000
RAMCOCEM trade ideas
Rounding Bottom pattern around ATHThe stock is making a rounding bottom pattern and looks good positionally above 1050 level
RAMCOCEM long Levels are given clearly on the chart
Disclaimer: This is not a investment/trade recommendation
RAMCO CEMNote:
1. Views are personal and for educational purposes only. Recheck and take the trade as per your RR.
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RAMCOCEM - BULLISH REVERSAL1) The stock touched 0.5 FIBO level upon break-out at 890 level
2) Exactly from this level the stock reversed and retested the 0.382 FIBO level and bouncing back
3) Refer chart for entry & SL
RAMCOCEM
Stock has given BO from resistance level and crossed corona top
RSI is forming a Bearing Divergence.
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₹
