Start of Impulse in RAMCO Cement ?
Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor
before taking any investment decision
Smaller ABC correction after an Impulse has ended near 61.8%. It can play out the below two scenarios
1. Major Wave 2 of New Impulse has ended - In this scenario it could be a good investment level with an upside target of at least 30% (around 1000 levels)
2. We are in wave C of Major ABC - In this scenario it could be a good swing trade with an upside target of at least 10% - 12% (around 860 levels)
For any entry at the current level, stop loss of 3-4% should be good
before taking any investment decision
Smaller ABC correction after an Impulse has ended near 61.8%. It can play out the below two scenarios
1. Major Wave 2 of New Impulse has ended - In this scenario it could be a good investment level with an upside target of at least 30% (around 1000 levels)
2. We are in wave C of Major ABC - In this scenario it could be a good swing trade with an upside target of at least 10% - 12% (around 860 levels)
For any entry at the current level, stop loss of 3-4% should be good
註釋
The stock is now moving in our favor and displaying bullish momentum signals. It has already gained 8% in our favor. Let's observe if we can capitalize on this rally until it reaches the 1000 mark.Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor before taking any investment decision
註釋
The stock has reached our initial target of 866. We consider taking some profits at this level, and set the stop loss above the entry price. We can start planning for the next target at 990-1000 levels. Fingers crossed !Disclaimer: The analysis is only for Educational Purpose. Please consult your financial advisor before taking any investment decision
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