RAMCOCEM trade ideas
RAMCOCEM, BREAKDOWN FROM SUPPORT & FIBO REJECTION (CHART# 303)WEAK BELOW : 674 (Watchout for Fibo support at 670)
FOR SAFE TRADERS : MORE WEAKNESS BELOW 668 (below Fibo support)
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Piyush Gupta
Ramco cement stock for long entryStock of Ramco Cement is in uptrend & possibility of BO can be seen . Long entry can be taken after the BO or above the level of 694 for the target price of 727 with the SL of 682. All important levels are marked in the charts. Also stock has just cross the 20 EMA level & RSI Divergence is also the bullish sign . So add the stock in your watch list to see the price action movement of the stock.
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RAMCO CEMENTS INTRADAY BUY/SELL LEVELS10/08Please use 3mins chart if the script open and close within the Green and Red Line its high probability trade do not waste time if open Gapup and Gap down. Can Initiate position as per the direction.
Disclaimer: All charts are purely for educational and information purpose only. Invest or Trade at your own risk.
One Right Trade's Swing Trade Idea #77 : Buy on RAMCOCEM Please do like and share the idea in case you find it good and follow it for further updates on it for benefit of everyone. Also, please comment if you have any feedback. This idea by one right trade is only for study purpose and is not a trading call.
Ramco Cements - Neutral - A good look for intradayRamco is now at the highest point since the COVID fall. The move up was a strong one today with increasing volume.
Reasons for being neutral:
1) It is at the swing high now, if it breaks it and the immediate Fibonacci resistance, we can see long above 680 but strictly only till 690. RSI broke the resistance at 60 as well
2) Now if it doesn't break the swing high and opens in the red, we can look to short with small stop loss of the Fibonacci level (680) or short on reversal from 680 looks good
3) As always, do not jump into transactions if there is a big gap up or gap down. Same here, if the opening is blunt, we will have a chance to transact either side
Long above 680 for strictly 690 or lower. Strong resistances above
Short view if opens red. Keep trailing every 0.5% fall.
#Disclaimer: Consult with your financial advisor. Stop loss essential as per your appetite. Trail diligently