Some chart cant be ignored, It is one of themW Pattern, RSI resting on 60, Consolidating and Breakout. What else you require
RAMCOCEM trade ideas
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
RAMCO CEMENT INVSTMENT/TRDING IDEA. FOR 60 %..BUY TRIGGERS LOWBUY ORDER TRIGGERS NEAR 800- 750 RANGE FOR A TRGT OF 1313...60% RETURNAS.. 6 MONTHS TIMEFRAME
RAMCOCEM - Bearish flag formation in an hourly chartHi Swing Traders,
After a nice upside run, RAMCOCEM has formed a nice bearish flag (in a perfect channel form). It might retrace to re-confirm the first break-down point. Rest is drawn in the chart for the probable future direction.
I hope you will benefit from this knowledge
-MetaVish
