RAMCOCEM is looking bullish on monthly, weekly and daily time frames. It has crossed 60 RSI levels monthly, weekly and daily. You can see volume has been increasing recently. It has been forming a cup and handle pattern. It has broken the neckline of C&H with significant volume. If it retraces 945 levels, it would be an excellent entry-level and can trade for over...
The stock has breached its first resistance, which now acts as a support. Entry now gives good risk-to-reward ratio. Safe trade for the short term
Entry - 988-992
SL - 936
Target -1120
Target and STOPLOSS IN CHART
PREVIOUS TECHNICAL ANALYSIS ON THIS SCRIPT is below
FUNDAMENTALS
Market Cap
₹ 22,492 Cr.
Current Price
₹ 952
High / Low
₹ 956 / 634
Stock P/E
72.5
Book Value
₹ 288
Dividend Yield
0.21 %
ROCE
6.55 %
ROE
5.14 %
Face Value
₹ 1.00
Promoter holding
42.1 %
EPS last year
₹ 14.5
EPS latest quarter
₹ 3.34
Debt
₹ 4,507...
These are swing idea's which you can add your watchlist and analysis for yourself.
Keep on radar.
Potential upside stock!
This content for only education purpose!
I am not SEBI Register.
Ramco Cements Ltd is engaged in manufacture of cement, Ready Mix Concrete (RMC) and Dry mortar products. It primarily caters to the domestic market of India
Breakout observed - Targets and stop loss mentioned in chart.
once T1 ACHIEVED , TRAIL STOP LOSS
Market Cap
₹ 19,941 Cr.
Current Price
₹ 844
Stock P/E
58.0
Book Value
₹ 288
Dividend Yield
0.36...
NSE:RAMCOCEM
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
There can be a pause or reversal, at above trendline.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK...
Wave 3 of wave C is developing in the stock of jk cement very good opportunity to short. In ramco it is the leading diagonal pattern into play but that is only for educational purposes.
