NileshChavan

Ramco Downside Possible

Short
NileshChavan Updated   
NSE:RAMCOCEM   RAMCO CEMENTS(THE)
Ramco Cement has taken a good resistance from a monthly Resistance level of 770. Price has formed strong bearish pin bar on daily Chart which shows sellers are gaining control for a short time. Sell after retracement near 755 for risk reward ratio of 1:2.5
Comment:
Activated and made low till now 748...
Comment:
made low today till 745
Comment:
Stoploss triggered -17 points

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.