**technical analysis** for the RAMCO SYSTEMS LTD chart:
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### **Technical Analysis – RAMCO SYSTEMS LTD (NSE: RAMCOSYS)**
**Pattern:** Cup and Handle
**Breakout Level:** ₹429
**Current Price:** ₹440.25
**Volume Confirmation:** Strong volume on breakout day (1.82M), supporting validity of the breakout.
**Target Price:** ₹589.80 (based on height of cup added to breakout point)
**Percentage Upside from Breakout:** \~37.81%
**Support Levels:** ₹429 (previous resistance), ₹380 (handle base)
**Stop-Loss (if trading):** Below ₹400 for short-term traders
**Analysis Summary:**
Ramco Systems has broken out of a classic Cup and Handle pattern with strong bullish momentum and a nearly 20% single-day gain. The breakout is supported by significant volume, indicating strong buying interest. The projected target lies around ₹589 based on the pattern measurement. Traders should watch for sustained volume and price action above ₹429 for continuation.
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### **Technical Analysis – RAMCO SYSTEMS LTD (NSE: RAMCOSYS)**
**Pattern:** Cup and Handle
**Breakout Level:** ₹429
**Current Price:** ₹440.25
**Volume Confirmation:** Strong volume on breakout day (1.82M), supporting validity of the breakout.
**Target Price:** ₹589.80 (based on height of cup added to breakout point)
**Percentage Upside from Breakout:** \~37.81%
**Support Levels:** ₹429 (previous resistance), ₹380 (handle base)
**Stop-Loss (if trading):** Below ₹400 for short-term traders
**Analysis Summary:**
Ramco Systems has broken out of a classic Cup and Handle pattern with strong bullish momentum and a nearly 20% single-day gain. The breakout is supported by significant volume, indicating strong buying interest. The projected target lies around ₹589 based on the pattern measurement. Traders should watch for sustained volume and price action above ₹429 for continuation.
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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.