The stock was in a downtrend since 13th Jan. The stock gave a trend-line breakout on 18th May, and is consolidating in a tight range.
following are my confirmations for a long swing trade: trend-line breakout, support over 50 EMA.
I am long for a swing with the following targets.
NSE:RAMCOSYS
By Defending its psychological support of 500 level and Moving Averages RAMCOSYS can go high up again.
RSI showing Bullish Divergence of Daily Charts and Volumes are dried up. Today is the lowest volume in the last 45 days which signifies that sellers could not pressurize more selling.
The Call Was Given Yesterday .
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Hie, In this portfolio specific series, we talk about some stock which top Indian investors hold.
In limelight today we have Vijay Kedia. He is involved in the market since he was 19. Kedia strictly adheres to SMILE as a principle in investing; which translates into Small in size, Medium in experience, Large in aspiration and Extra-large in market potential ....
