RAMCOCEM PERFECT BAT UNDER FORMATION WEEKLY CHART
RAMCO CEMENT
1. Weekly Bat Pattern under formation
2. Price Taking Support at 20 SMA (Daily and Weekly) 804-807 levels respectively
3. Narrowing Bollinger Bands on daily and weekly charts with Price constantly sustaining above middle band
4. Double Bottom visible on Weekly charts
5. Can be a low risk bet to buy on dips and dips with stop loss below 20 Week SMA
Lets See How It evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
1. Weekly Bat Pattern under formation
2. Price Taking Support at 20 SMA (Daily and Weekly) 804-807 levels respectively
3. Narrowing Bollinger Bands on daily and weekly charts with Price constantly sustaining above middle band
4. Double Bottom visible on Weekly charts
5. Can be a low risk bet to buy on dips and dips with stop loss below 20 Week SMA
Lets See How It evolves
Disclaimer: NOT A BUY / SELL RECOMMENDATION I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
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