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Published on 5/11/2019 4:30:27 PM | Source: Religare Securities Ltd

Buy The Ramco Cements Ltd For The Target Rs.840 - Religare Securities

Posted in Broking Firm Views - Short Term Report| #Cement Sector #The Ramco Cements Ltd #Trading Report #Religare Securities Ltd

The Ramco Cements Limited

*  RAMCOCEM has formed a cup and handle pattern (which generally act as a continuous pattern) on the weekly chart while holding above the support zone of long term moving averages.

*  After the recent surge from its crucial support zone around 690 levels, it has witnessed a marginal dip, offering fresh buying opportunity to those who missed the chance earlier.

* We advise accumulating in the mentioned zone.

Recommendations

Buy The Ramco Cements Ltd @ 775-785 SL760 Target 840 CMP 803.75

 

 

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