RAMCOCEM, READY TO FLY WITH THIS CEMENT SEC STOCK (CHART# 381)RAMCOCEM has given very good breakout and is near to 900 (psychological resistance). If this manages to stay afloat above 890-900, then it has very good potential to move tomorrow & coming days.
If this after 30-40 move, give a pullback and take 880-885 as support then it will give us double confirmation to enter.
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Piyush Gupta
RAMCOCEM trade ideas
Consolidate long term.This is a weekly chart.
Looks line 690 is a very strong support level (indicated by dotted blue line) but do not forget the top dashed red line which is downward sloping. If the upward trend has to be continued, it has to break that line with good momentum. Until then it looks like to be in a consolidation.
RAMCOCEM is Making Rectangle Channel Pattern (Breakout Trade)Ramco Cements Limited ( NSE:RAMCOCEM ) is Making Rectangle Channel Pattern (PATTERN BREAKOUT TRADE).
This can become a very good trade for INTRADAY traders.
Target + StopLoss: There is no target here. You keep the first target as much as the StopLoss you put. And the StopLoss will be the Low/High of the candle that broke this pattern. Or Low/High swing backward inside the pattern.
And as soon as you get a profit of 0.50% of your target, you will trail your StopLoss and bring it to the entry point. And as soon as your first target is hit, you will release half of your total quantity and continue to trail your StopLoss above the last swing Low/High.
Target and StopLoss are never already fixed in the chart pattern.
Thank you.
You always have to trade only by money management, position sizing, StopLoss trailing. This is the way to stay in profit.
Chart Published By Ravinder Sharma
Ramco cement stock for long entryD BO done long entry can be taken above the price of 708 TGT level 730 SL 692 if stock sustain above the level of 735 then level of 755 can be seen.
always do trading as per your Reward to Risk ratio .The ideas sharing is for educational purpose only. In case any suggestion advice required feel free to ask.
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