Ramco cement long opportunity

31 בינו׳ 2022

RAMCOCEM

Hi all!

Ramco cement is traveling in a channel since March 2014. It's again at the lower end of the trendline and also at a support zone. It makes for a good opportunity to go long!

My conviction is further strengthened with these indicators

->Support from 200 week EMA
->Support from 50 Month EMA

Risk is pretty less compared to the reward.

Disclaimer: The budget session is round the corner. Markets are hugely volatile right now with IndiaVIX at 21.9. It's advisable to trade with a smaller quantity than usual.

*NOT A CALL*