IbankerSid

Ramco Cements - Neutral - A good look for intraday

IbankerSid アップデート済   
NSE:RAMCOCEM   RAMCO CEMENTS(THE)
Ramco is now at the highest point since the COVID fall. The move up was a strong one today with increasing volume.

Reasons for being neutral:
1) It is at the swing high now, if it breaks it and the immediate Fibonacci resistance, we can see long above 680 but strictly only till 690. RSI broke the resistance at 60 as well
2) Now if it doesn't break the swing high and opens in the red, we can look to short with small stop loss of the Fibonacci level (680) or short on reversal from 680 looks good
3) As always, do not jump into transactions if there is a big gap up or gap down. Same here, if the opening is blunt, we will have a chance to transact either side

Long above 680 for strictly 690 or lower. Strong resistances above
Short view if opens red. Keep trailing every 0.5% fall.

#Disclaimer: Consult with your financial advisor. Stop loss essential as per your appetite. Trail diligently
トレード終了: 利益確定目標に到達:
Gave target in first 15 minutes. Transaction closed. Hope you all enjoyed. 693.5 high at 10 AM
コメント:
Ramco has crossed a very strong resistance zone. At 695 now. We can target and then above
コメント:
Target 700*
免責事項

これらの情報および投稿は、TradingViewが提供または保証する金融、投資、取引、またはその他の種類のアドバイスや推奨を意図したものではなく、またそのようなものでもありません。詳しくは利用規約をご覧ください。