Ramco BrokeOut of a multi-year resistance trendline (since 2000) today with huge volume and stock price zooming by 8.03%. The last time it BrokeOut of this trendline was in 2021 which did not sustain but the stock made a new ATH then. Short-term EMAs are in PCO state as well as EMAs & DMAs are in Golden Cross-over state.
On the upside the stock may reach 366 levels & on the downside the stock may reach 277 levels.
The price-action in the coming days will dictate how the stock moves. Keep monitoring.
On the upside the stock may reach 366 levels & on the downside the stock may reach 277 levels.
The price-action in the coming days will dictate how the stock moves. Keep monitoring.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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.