RAMCOCEM trade ideas
Breakdown in Ramco Cements Ltd...Chart is self explanatory. Levels of breakdown, possible down-moves (where stock may find support) and resistances (close above which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Ramco cement long opportunityNSE:RAMCOCEM
Stock -> Ramco cements
TimeFrame -> Weekly
Hello all!
Ramco cements has been following and respecting its lower trendline and then further started moving in a channel. It came back to its lower channel trendline and bounced back. It now stands at a crucial resistance zone. The breakout of this zone would make for a good opportunity to go long.
After the breakout of the resistance zone, the stock would also start trading above its 200 and 50-week EMA. The formation of an inverse left shoulder and head further suggests that the stock is ready to move up.
The Risk reward ratio will also be excellent upon crossing the yellow zone.
*NOT A CALL*
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[Intraday] Ramco Cement Mean Reversion BetNote -
One of the best forms of Price Action is to not try to predict at all. Instead of that, ACT on the price. So, this chart tells at "where" to act in "what direction. Unless it triggers, like, let's say the candle doesn't break the level which says "Buy if it breaks", You should not buy at all.
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I use shorthands for my trades.
"Positional" - means You can carry these positions and I do not see sharp volatility ahead. (I tally upcoming events and many small kinds of stuff to my own tiny capacity.)
"Intraday" -means You must close this position at any cost by the end of the day.
"Theta" , "Bounce" , "3BB" or "Entropy" - My own systems.
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I won't personally follow any rules. If I "think" (It is never gut feel. It is always some reason.) the trade is wrong, I may take reverse trade. I may carry forward an intraday position. What is meant here - You shouldn't follow me because I may miss updating. You should follow the system I share.
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Like -
Always follow a stop loss.
In the case of Intraday trades, it is mostly the "Day's High".
In the case of Positional trades, it is mostly the previous swings.
I do not use Stop Loss most of the time. But I manage my risk with options as I do most of the trades using derivatives.
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Ramco CementBuy Ramco Cement.
1: Multiple time tested support and resistance line is trying to break with good volume
2. Break the trend line and retested
3.Created a round botton chart pattern
4. Created a tweezer bottom candlestick pattern
Buy above 699(After breaking the resistance line)
Stoploss: 649
Target: 830
I am not SEBI registered analyst. This is for educational purpose. Please follow your own analysis.