Comments
The outlook is bearish for Ramco Cements stock. The stock had failed to breach ₹965 on its various attempts last week. That, followed by the sharp fall on Tuesday, strengthens the bearish case. Immediate resistance will be at ₹945. Above that, the region between ₹955 and ₹960 will have the higher and strong resistance. The Ramco Cements share price can fall to ₹925. Here, we suggest an intraday short positions to capture this fall to ₹925 in this stock. Intraday traders can go short at current levels. Accumulate on a rise at ₹943. Keep a stop-loss at ₹947. Trail the stop-loss down to ₹939 as soon as the stock moves down to ₹936. Move the stop-loss further lower to ₹935 when the price falls to ₹932. Exit the short positions at ₹930.
(Note: The recommendations are based on technical analysis. There is risk of loss in trading.)
Comments
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.