SWING IDEA - THE RAMCO CEMENTS
Ramco Cements, one of India's leading cement manufacturers, is showing a promising swing trade setup with compelling technical signals.
Reasons are listed below :
Target - 1150 // 1215 // 1340
Stoploss - weekly close below 925
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Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
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Reasons are listed below :
- Cup and Handle Pattern Breakout: The price is breaking out from a classic cup and handle pattern, which indicates a continuation of the upward trend.
- 1050 Resistance Zone: This level has been tested multiple times and is now showing signs of a breakout, suggesting strong bullish sentiment.
- 2.5+ Year Consolidation Break: The stock is emerging from a prolonged consolidation phase, which often signals a significant trend reversal or continuation.
- Bullish Engulfing Candle: A bullish engulfing candle on the daily timeframe highlights strong buying momentum.
Target - 1150 // 1215 // 1340
Stoploss - weekly close below 925
DISCLAIMER -
Decisions to buy, sell, hold or trade in securities, commodities and other investments involve risk and are best made based on the advice of qualified financial professionals. Any trading in securities or other investments involves a risk of substantial losses. The practice of "Day Trading" involves particularly high risks and can cause you to lose substantial sums of money. Before undertaking any trading program, you should consult a qualified financial professional. Please consider carefully whether such trading is suitable for you in light of your financial condition and ability to bear financial risks. Under no circumstances shall we be liable for any loss or damage you or anyone else incurs as a result of any trading or investment activity that you or anyone else engages in based on any information or material you receive through TradingView or our services.
@visionary.growth.insights
Disclaimer
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