Ramcocement if sustain above 1036-1038 it will give a beautiful trendline breakout.Should hit 1065-1080-1100++ very short term.Also keeping on radar Ramcocement 1060 CE.
The stock has reached lower trendline and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby.
Risk Reward Ratio - 2:1
SL is placed below support zone & the lower trendline. The target is placed based on fundamentals and near swing high.
The stock has reached the lower support zone and might take support and undergo a reversal rally. Trade is supported by brokerage calls, 200 EMA and Supports Nearby.
Risk Reward Ratio - 3:1
SL is placed below support zone & 200 EMA. The target is placed near short term resistance.
The stock has reached lower trend line and looks to take support and may undergo a reversal rally. Trade is supported by brokerage calls and Supports Nearby & 200 EMA .
Risk Reward Ratio - 1:1
SL is placed below multiple major support zone and target is place near swing and channel high.
Note: As the market is under selling pressure, enter only after confirming a...
RAMCO CEM is in parallel channel from past couple of months.
Based on trend - incase if breaks the line and sustains - will again test upper channel in parallel channel.
Risk free - easy trade - -Add to watch list
Observe that RAMCO Cement is moving in a upward channel for sometime and looks to take support at the previous resistance (Now support).
Can go long with small SL of close below 680 !!
Ramco Cements Ready to breakout at 728 level. Wait till it cross the level or enter in small portions till it breakout so that you donot loose big or exit small
Currently market is in correction, according to fib extension the target is drawn in the chart.
Please comment your views.
Disclaimer: the post for only educational purpose.
