This stock will break free.
Ramco Cem CMP- 835.35
Elliott- A new series has started in this counter. Hence to me this is extremely bullish.
Volume- that's slow accumulation by the bulls.
Patterns- the 3 day chart on the left is loaded. It has a V shaped recovery a directional signals. It also has an inverted head and shoulders pattern, which is a bullish reversal pattern. That neckline is also considered very bullish.
Candlestick- the Key reversal at the bottom is again a directional signal.
Fibs- the first good resistance is at 862. We have a falling trendline too at the same zone. So a 3day candle close above 862 is where my buy is triggered.
Conclusion - this stock hasnt done much since 2018. Now all the bullish signals are flashing again. Keep and eye on this one and buy and hold above 862.
Elliott- A new series has started in this counter. Hence to me this is extremely bullish.
Volume- that's slow accumulation by the bulls.
Patterns- the 3 day chart on the left is loaded. It has a V shaped recovery a directional signals. It also has an inverted head and shoulders pattern, which is a bullish reversal pattern. That neckline is also considered very bullish.
Candlestick- the Key reversal at the bottom is again a directional signal.
Fibs- the first good resistance is at 862. We have a falling trendline too at the same zone. So a 3day candle close above 862 is where my buy is triggered.
Conclusion - this stock hasnt done much since 2018. Now all the bullish signals are flashing again. Keep and eye on this one and buy and hold above 862.
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