📈 RAMCOCEM – Classic VCP Setup with Breakout Potential 🚀
🔍 Technical Structure: VCP (Volatility Contraction Pattern)
Ramco Cements is currently exhibiting a textbook Volatility Contraction Pattern (VCP) – a bullish continuation pattern popularized by Mark Minervini. This setup often precedes explosive breakouts, especially when accompanied by key technical confirmations.
✅ VCP Phases Observed:
Wave 1: Decline of ~21% (₹210) from swing high
Wave 2: Pullback of ~9.5% (₹96)
Wave 3: Most recent pullback ~5.4% (₹55)
Each contraction has been shallower and tighter — textbook VCP behavior.
The current base is tightening, and price is forming a mini-cup on the right side.
📊 Volume Action (Key to VCP)
Volume consistently drying up during each successive pullback — a sign of supply absorption.
Today’s session showed a spike in volume with a bullish candle, suggesting possible initiation of demand and interest at key resistance levels.
📈 Moving Averages Confirmation
Price is trading above all major moving averages:
🔹 20 EMA
🔹 50 EMA
🔹 100 SMA
🔹 200 SMA
All MAs are positively sloped, reinforcing a strong uptrend across short, medium, and long-term timeframes.
✅ Conclusion
Ramco Cements is forming a high-quality VCP setup supported by:
Strong volume contraction behavior,
Positive price action near breakout zone,
Clean structure above key MAs,
Bullish momentum and improving market sentiment.
📢 Keep this stock on high alert. A strong breakout above ₹1,020 could trigger a powerful upside rally.
🔍 Technical Structure: VCP (Volatility Contraction Pattern)
Ramco Cements is currently exhibiting a textbook Volatility Contraction Pattern (VCP) – a bullish continuation pattern popularized by Mark Minervini. This setup often precedes explosive breakouts, especially when accompanied by key technical confirmations.
✅ VCP Phases Observed:
Wave 1: Decline of ~21% (₹210) from swing high
Wave 2: Pullback of ~9.5% (₹96)
Wave 3: Most recent pullback ~5.4% (₹55)
Each contraction has been shallower and tighter — textbook VCP behavior.
The current base is tightening, and price is forming a mini-cup on the right side.
📊 Volume Action (Key to VCP)
Volume consistently drying up during each successive pullback — a sign of supply absorption.
Today’s session showed a spike in volume with a bullish candle, suggesting possible initiation of demand and interest at key resistance levels.
📈 Moving Averages Confirmation
Price is trading above all major moving averages:
🔹 20 EMA
🔹 50 EMA
🔹 100 SMA
🔹 200 SMA
All MAs are positively sloped, reinforcing a strong uptrend across short, medium, and long-term timeframes.
✅ Conclusion
Ramco Cements is forming a high-quality VCP setup supported by:
Strong volume contraction behavior,
Positive price action near breakout zone,
Clean structure above key MAs,
Bullish momentum and improving market sentiment.
📢 Keep this stock on high alert. A strong breakout above ₹1,020 could trigger a powerful upside rally.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.