RAMCOCEM trade ideas
[POSITIONAL] RAMCOCEM LONG BET
risk: Reward ratio is 1: 2
Rest as per Charts
********
Note -
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 “where” to act in “what direction. Unless it triggers, like, let’s say the candle doesn’t break the level which says “Buy/Sell if it breaks”, You should not buy/sell at all.
=======
I use shorthands for my trades.
“Positional” - means You can carry these positions and I do not see sharp volatility ahead.
“Intraday” -means You must close this position at any cost by the end of the day.
=======
Always follow a stop loss.
In the case of Intraday trades, it is mostly the “Low/High of the Candle”.
In the case of Positional trades, it is mostly the previous swings
********
RAMCO CEMENT Wait And Watch ??
Look for Low risk, High reward, and High Probability setups-
Things to Remember while Trading with the Trend
1. Know what the trend is.
2. The best trades are made in the direction of the trend.
3. Assume that the main trendline or moving average will hold.
4. The longer the moving average is, the better it defines the trend.
5. Wait for the pullback.
6. Don’t chase the market.
7. Don’t fight the market.
8. Even in the strongest trends there should be some retracement.
9. The closer the market is to the trendline, the better the risk/reward ratio is.
10. Use ADX to determine the strength of the trend.
11. Higher the level of ADX , the stronger the trend, below 20 consider the market to be choppy
12. Hold trades longer in a strong trend.
13. Wait for confirmation of a trendline breaking before reversing position.
14. Know where the Support levels are.
15. Place stops outside the Support levels.
Thank You..
RAMCOCEM Head & ShouldersRAMCOCEM has formed extended head and shoulders on 1D chart along the 920 baseline. Breakdown from here can be significant hence caution suggested for longs. No fresh shorts yet as the trendline is not broken. If the baseline is broken, the stock can see a measured move fall toward 750.
Ramco cement long opportunityNSE:RAMCOCEM
Hi all!
Ramco cement is traveling in a channel since March 2014. It's again at the lower end of the trendline and also at a support zone. It makes for a good opportunity to go long!
My conviction is further strengthened with these indicators
->Support from 200 week EMA
->Support from 50 Month EMA
Risk is pretty less compared to the reward.
Disclaimer: The budget session is round the corner. Markets are hugely volatile right now with IndiaVIX at 21.9. It's advisable to trade with a smaller quantity than usual.
*NOT A CALL*
RAMCO CEMENT RAMCO CEMENT - Script has been trading in the range of 200 points for the last 6 months
1- every time it is coming and bouning from the same levels
2- Now it is making a perfect inverted cup & handle pattern which itself is a bearish pattern
3- Any trade whenever we take we do confirmation of the price action, however as of now it is not showing any clear breakdown signs
4- High probability that it will touch the same base which marked in blue color line
@ all above are my personal thoughts and finding, and i am sharing y studies for the understanding purpose only, No buy and sell recommendations
I shall do more and more for you all in the coming days
Do subscribe and comment on the study if you like it, let me know your opinion as well