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Published on 13/01/2020 1:49:14 PM | Source: HDFC Securities Ltd

Momentum Pick Of Buy Ramco Systems Ltd For Target Rs.200 - HDFC Securities

Posted in Broking Firm Views - Short Term Report| #IT Sector #Ramco Systems Ltd #HDFC Securities #Trading Report

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Momentum Pick Of Ramco Systems Ltd For Target Rs.200 - HDFC Securities

After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce today.

* Currently, the price is making an attempt to show upside move above the key upper resistance.

* The short term trend has turned positive.

* We observe a formation of positive candlestick pattern as per intraday/daily timeframe chart.

* Volume has started to rise along with the up move in the stock price.

* The daily/intraday RSI is showing positive indication.

Recommendation

Buy Ramco Systems Ltd @ 177 SL 168 Target 200 

 

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