RAMCOIND trade ideas
RAMCOINDNSE:RAMCOIND
Formation of Downward Sloping TrendLine. The Stock may move upwards after a break out above 144 or it may retest the bottom of the channel.
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RAMCOIND: BreakOut ExtensionThe chart and drawings are self explanatory.
Ramco has just broken its all time high, supported by decent volumes. The stock retested its resistance, which is a good sign for the stock towards extension of the rally.
Positional traders can take a position at the current levels, with a stop loss at ~325 levels.
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Solid RamcoThis is a beautiful chart if u just watch this chart on a weekly timeframe whereby this has broken the 21 years high of 322. This is now in the blue-sky zone wherein u see the highest traded volume with the highest delivery quantity and also the major reason is a breakout from multiyear levels. This will be the new multibagger stock to buy in.
Always go with any chart and put it in the weekly frame the noise of the market will be reduced and then try to mark the resistance and support levels with horizontal lines. You will get the best out of the chart and then put it in any time frame u will get the same levels of resistance and support.
Breakout after long time. | RAMCONSE:RAMCOIND
Don't rush to get in to the trade until and unless if you find weekly strong candle to close above 330 level.
Short term to long term holding can lead to target of 390.
In current week good volume came same like it was in Oct 2016.
Looks promising to buy for short term.