FAKE BLACK SWAN EVENT IMOToday is election day in India. Its a major event. We see huge black candle. This is all a manipulation event to create panic in th emarket.
SPOT ONHow to enter on these kinds of runs. The only way is to be patient and wait for a retracement.
Beautiful movement lowerWe see a text book movement to take the previous swing low liquidity. We dig deeper into the monthly order block. HTF is always king. I would like to see a little deeper dig lower over the next couple of days and then a bullish reaction to take prices higher. Purely based on algorithmic price delive
Confluence cityWe can take a long position using appropriate risk management once the SSL has been taken. We are in a long term OTE as well. We are also in a monthly bullish order block. With SSL lows taken it will put us in a daily order block as well. I would not take a long position without confirmations on LTF
RAMCOCEM1!05-12
Daily chart of RAMCOCEM1!
LTP: 695.20
RSI looks strong and bullish
Support at 675.10 (manual)
Resistances at 744.65 (200 EMA) and 777.75 (manual)
Looks like a buy opportunity for swing traders and sell on rise for positional traders.
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
RAMCOCEMM2024
RAMCO CEMENTS FUTURES (JUN 2024)RAMCOCEMN2024
RAMCO CEMENTS FUTURES (JUL 2024)RAMCOCEMQ2024
RAMCO CEMENTS FUTURES (AUG 2024)RAMCOCEM1!
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Frequently Asked Questions
The nearest expiration date for RAMCO CEMENTS FUTURES is May 30, 2024.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell RAMCO CEMENTS FUTURES before May 30, 2024.