#RAMCO CEMENTS trading previous session resistence around 900,
today it has taken sell mode around 880-875 and buy range 865-850.
RAMCO near it's long term support range. Following a descending triangle format in the short term, we could see a bounce back at support range and see if we could see the triangle breakout.
- Stock is forming a ascending channel pattern
-Stock break and sustain below 1087 Next level to watch 1111/1130/1160 levels .
-Support is near 1038 level on chart.
Ramco Cement seems to be forming a flag pattern on a 15 min tf. If the flat is taken off, we can see a rally of 100 points upto Rs.1100/-
ramco cement given breakout in RSI