RAMCOCEM trade ideas
Simple Trade Setup | RAMCOCEMENT | 01-11-2021 [ INTRADAY]NSE:RAMCOCEM
I am posting this from one of the follower's request on Twitter.
Observations:
1) On daily time frame, we can see it took Good support from 50DMA and gave breakout of 1050 level.
If it gives dip till 1040/1050 level and takes support from it then it will be buying opportunity.
Target will be 1140.
Please refer below chart : 1day Time Frame.
2) On 15min time frame we can see it gave breakout of cup and handle pattern.
Please refer below chart : 15min Time Frame.
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Trade Setup for Date 01-11-2021:
1) Don't Jump in to trade at the beginning of the market. Let it get settle for 15-20min first and judge the price action.
2) Everything is mentioned on the chart. I hope it is easy to understand.
3) All the levels will work as support, resistance, entry and exit w.r.t price action near that level.
4) Avoid gap up or gap down chase. Wait and trade between levels.
Please refer below chart for levels.
Hope I made it easy to understand it.
Do comment your doubt or suggestion.
Note: Trade with Strict SL. It may or may not hit all the levels. So one can book profit / loss at respective level considering how price action works near that level.
Swing Opportunity in Ramco CementsGo Long above 1027.1 for Targets of 1077.95 and 1128.8 with SL 976.25
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also a bullish candlestick pattern Inverted Hammer (marked with orange color) is formed around 0.382 Fibonacci level.
4. In addition to this the stock is forming a triangle pattern and is about to give a breakout.
RAMCOCEM | RSI + Trendline breakout - Looks good for 20%RAMCOCEM | RSI + Trendline breakout - Looks good for 20%
CMP : 1040
SL : 985
Target : 1250
1:4+ risk reward setup
(Target calculated based on Fib)
Ramco cement taking support at crucial support zoneThe Ramco cement is in an up trend , Bullish sentiment are still there but it is on chart making a crucial support zone between 930 to 920 , keep an alert on this level as reversal setups on these zones are potential trades.
Ramco cement 1d DISCLAIMER : This for education and knowledge purpose Before taking any decision once consult with your financial advisor or do your own research. The channel would not be responsible for any financial gain as well as for losses. I am not SEBI registered.
Ramco Cement Trade Setup For MondayThere is a strong support at the level of 963, stock tested this level two times.
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On Monday if stock goes below 960, we can short this trade for the target of 930.
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What's your view on this comment below in the box.
Ramco will FALL as the it broke the trendRamco will fall, expect 5-10% down within a couple of weeks
Ramcocement LONG (18 Oct)Ramcocement LONG (18 Oct)
Symmetrical triangle breakout
Above average volumes on Friday and today
Buy at CMP -1021
SL-980
Target- 1078, 1130, 1204
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Disclaimer- We are not SEBI registered advisor.
Charts and views are only for educational purpose.
RAMCOCEM - Go Long - BreakoutRamco cement is looking for a breakout on a Daily time frame. All levels are marked on the chart for reference.
This is only for educational purpose.
RAMCOCEM... TRIANGLE BREAKOUT. A triangle breakout in Ramcocem means good news for cement stocks.
Looks good to go long in cement stocks.
consolidation along with triangle formationupcoming results, increase in cement price are added good things.
i am new if anything wrong please feel free to suggest the things.
this idea is purely for educational purpose
Ramco cement Flag & Poll pattern in Ramco Cement................................................................................................................
RAMCO CEMENT FORMING DESCENDING TRAINGLERAMCO CEMENT FORMING DESCENDING TRAINGLE, lets look for oppurtunity
The Ramco CementsIt respects the resistance and the resistance rejects the price movements to move forward. If it breaks the resistance it will move to 1200. If it breaks the support it will fall.
Ramcocement 1d chart analysisMy personal view on this.
There is one trendline give support to ramcocement stock.
That trendline is in weekly timeframe and stock is consolidate in daily timeframe as well near to trendline.
Whichever side it will break stock will give good return.
probablity is it can break upper side. NSE:RAMCOCEM
