Swing Opportunity in Ramco Cements
Go Long above 1027.1 for Targets of 1077.95 and 1128.8 with SL 976.25
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also a bullish candlestick pattern Inverted Hammer (marked with orange color) is formed around 0.382 Fibonacci level.
4. In addition to this the stock is forming a triangle pattern and is about to give a breakout.
Reasons to go Long :
1. On a daily timeframe if we draw the Fibonacci retracement tool from recent swing low (point A) to recent swing high (point B) then we see stock took support from 0.382 Fibonacci level.
2. A bullish chart pattern, Double Bottom (W pattern) is formed around 0.382 Fibonacci level.
3. Also a bullish candlestick pattern Inverted Hammer (marked with orange color) is formed around 0.382 Fibonacci level.
4. In addition to this the stock is forming a triangle pattern and is about to give a breakout.
Transaction en cours
Entry triggered on 19 Oct 2021.Trade fermée: ordre d’arrêt atteint
SL hit on 20 Oct 2021.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.