📊 RAMKY INFRA LTD (1D) – CMP ₹540.55
📅 Date: May 21, 2025
📈 Exchange: NSE
📌 Ticker: RAMKY
🧠 Technical Analysis Overview
✅ Bullish Inverse Head & Shoulders Pattern:
Price has broken out of a clearly formed inverse head and shoulders pattern — a powerful trend reversal structure — indicating a strong bullish sentiment and possible long-term uptrend.
✅ Breakout Confirmation:
A sharp breakout above the neckline near ₹512 has occurred with strong bullish momentum and increased volume.
✅ RSI Indicator – 📈
RSI is at 68.58, approaching overbought levels but not showing divergence yet, confirming continued bullish strength. The RSI trend also shows recent bullish crossovers.
📍 Key Price Levels
📌 Support
🟥 ₹512.20 – Neckline retest level (ideal re-entry zone)
📌 Resistance (Targets)
🔵 ₹555.95 – Immediate target
🔵 ₹585.00 – Mid-term resistance
🔵 ₹612.85 – Major resistance / final target from pattern projection
💬 Potential Strategy
Breakout Entry already active above neckline
Pullback Entry possible near ₹512–₹520
SL below ₹512
Target 1: ₹555
Target 2: ₹585
Target 3: ₹612+
📌 Conclusion
RAMKY INFRA is breaking out of a strong inverse head and shoulders pattern with bullish volume and RSI confirmation. Watch for a potential retest near ₹512 for a high-probability entry. Targets lie ahead at ₹555, ₹585, and ₹612.
🛑 Disclaimer:
This analysis is for educational purposes only. Not investment advice. Always DYOR or consult your financial advisor.
📅 Date: May 21, 2025
📈 Exchange: NSE
📌 Ticker: RAMKY
🧠 Technical Analysis Overview
✅ Bullish Inverse Head & Shoulders Pattern:
Price has broken out of a clearly formed inverse head and shoulders pattern — a powerful trend reversal structure — indicating a strong bullish sentiment and possible long-term uptrend.
✅ Breakout Confirmation:
A sharp breakout above the neckline near ₹512 has occurred with strong bullish momentum and increased volume.
✅ RSI Indicator – 📈
RSI is at 68.58, approaching overbought levels but not showing divergence yet, confirming continued bullish strength. The RSI trend also shows recent bullish crossovers.
📍 Key Price Levels
📌 Support
🟥 ₹512.20 – Neckline retest level (ideal re-entry zone)
📌 Resistance (Targets)
🔵 ₹555.95 – Immediate target
🔵 ₹585.00 – Mid-term resistance
🔵 ₹612.85 – Major resistance / final target from pattern projection
💬 Potential Strategy
Breakout Entry already active above neckline
Pullback Entry possible near ₹512–₹520
SL below ₹512
Target 1: ₹555
Target 2: ₹585
Target 3: ₹612+
📌 Conclusion
RAMKY INFRA is breaking out of a strong inverse head and shoulders pattern with bullish volume and RSI confirmation. Watch for a potential retest near ₹512 for a high-probability entry. Targets lie ahead at ₹555, ₹585, and ₹612.
🛑 Disclaimer:
This analysis is for educational purposes only. Not investment advice. Always DYOR or consult your financial advisor.
Trade closed: stop reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.