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Ramco Cements LimitedRamco Cements LimitedRamco Cements Limited

Ramco Cements Limited

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RAMCOCEM trade ideas

Ramco Cement - Channel (Buy On Dip).Nicely Moving In Channel. Every Time It Took Support @ 0.786 Fibonacci (Lower Line of Channel) & Bounced Till 1.27 Fibonacci (Upper Line of Channel). Will It Respect 0.786 Fibonacci This Time? Break Out Retest. Buy On Dip. Risk Reward Looks Favourable. Other Details Mentioned In Chart. Positional View For Educational Purpose Only. Please Consult Your Financial Advisor Before Taking Any Decision. I am not SEBI Registered Financial Advisor.
NSE:RAMCOCEMLong
by SafeTrader1976
Ramco Cements Investment Idea - Kerala Flood EffectSouthern Players - India Cements and Ramco Cements posted bad results because their focus was on expansion rather than profitability which lead to a bubble in operating expenses. It got more hammered on the ground of pet coke ban. But pet coke ban is lifted now. The effect is still not factored in which will be very much positive anyways. And now comes the Kerala flood, both India Cements, and Ramco Cements have huge exposure on Kerala. Calamity-stricken residents will be in the huge rush of repairing their home leading to an unusual demand for cement which will create lack of supply resulting in an increase of cement price as well as higher profitability. Election 2019 will have synthetic effect anyways because of the affordable housing theme!
NSE:RAMCOCEMLong
by Amit_Ghosh
The Ramco Cements Breakdown From ChannelTargets: 639-616 Sell range : 683-673 Stoploss : 709 Duration : 3-4 weeks Rationale : : Attached Daily timeframe chart of The Ramco Cements is indicating a bearish trend reversal, as the stock price has given a negative breakout from an upward sloping channel, with sudden rise in volumes. The attempt to move up in the last couple of months have been failed and the stock price has now shifted into fresh decline during this week. Technical indicators are currently giving negative signals as the stock trades below the short term (13 day SMA) and medium term (50 day SMA) moving averages. Momentum indicators like the 14-week RSI are in decline mode and at 43 are not yet in oversold territory. Daily negative swing indicator like -DMI has been dominating and is moving up consistently. Daily trend strength indicator like 13 period ADX is turning up from near 16-20 levels. Normally, ADX turning up from near 16-20 levels could be considered as a beginning of fresh trended move in the underlying on either side. Negative overall technical set up in this stock is hinting at the possibility of a beginning of downside momentum in the stock price from here. We believe the stock has the potential to move lower in the coming weeks as it attempts to test its previous intermediate lows. We therefore recommend a Sell at CMP and selling more on any rises. Our entry levels, along with stop loss and targets have been mentioned above.
NSE:RAMCOCEMShort
by BHUMIT-ARQ
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