Ramco Cements showing upside potential
Ramco Cements for the last weeks days has been falling steeply and has come back to its earlier support levels
Analysis of candles of last few days clearly is indicating strength at these support levels as represented by the wicks on downside and strong upside closings.
I believe it will reach its previous swing high again , and may also break that level to make new highs but we will have a conservative target of the swing high since it is enough to achieve a 1:2 Risk reward ratio with stop loss being shy below the support levels
Take any trade on your own risk , I shall not be held liable for any losses made by you by making any positions in the market
Analysis of candles of last few days clearly is indicating strength at these support levels as represented by the wicks on downside and strong upside closings.
I believe it will reach its previous swing high again , and may also break that level to make new highs but we will have a conservative target of the swing high since it is enough to achieve a 1:2 Risk reward ratio with stop loss being shy below the support levels
Take any trade on your own risk , I shall not be held liable for any losses made by you by making any positions in the market
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