SWING IDEA - THE RAMCO CEMENTS

Hôm qua

Ramco Cements, one of India's leading cement manufacturers, is showing a promising swing trade setup with compelling technical signals.

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

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