Ramco BrokeOut of a multi-year resistance trendline (since 2000) today with huge volume and stock price zooming by 8.03%. The last time it BrokeOut of this trendline was in 2021 which did not sustain but the stock made a new ATH then. Short-term EMAs are in PCO state as well as EMAs & DMAs are in Golden Cross-over state.
On the upside the stock may reach 366 levels & on the downside the stock may reach 277 levels.
The price-action in the coming days will dictate how the stock moves. Keep monitoring.
On the upside the stock may reach 366 levels & on the downside the stock may reach 277 levels.
The price-action in the coming days will dictate how the stock moves. Keep monitoring.
Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
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Disclaimer: This analysis is my personal view & for educational purposes only. They shall not be construed as trade or investment advice. Before making any financial decision, it is imperative that you consult with a qualified financial professional.
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.