RAMCO SYSTEMS is below red kumo clouds and moreover approaching support levels around Rs 420. Momentum also indicating a weak trend and moreover ADX indicating bearish trend. If it reaches support level of 420 then it's a good time to pick up since future financials of the company are looking solid and they have a huge growth factor in digital India adoption....
Ramco Systems - Symmetrical triangle
Stock has given good breakout after few weeks of consolidation. It is looking vert strong on charts for sky rocket like movement. Target: Open Stop loss: 430
* Cup and Handle breakout * Volume breakout * Resistance breakout * Yearly Price breakout * Swing highs breakout
GREEN Line (470) has acted as historical resistance twice Same GREEN Line (470) then became a strong support during end of 2015 GREEN Line (470) acting as support one more time now...I am highly bullish about trend reversal from this point. one may start accumulating.....next quarter results will be good too. Mid term safe target 700 ( 4 to 5 months) almost...