Ramco Cement Technical Analysis #30: Buy | Target Rs 720 | Arijit Banerjee


Buy Range672 – 687
Target720 – 760
Duration25 – 30 Trading Sessions
Potential Return^5 – 10%
CMP#IdeaBuy RangeTargetStopLoss*DurationPotential Return^
687.8BUY672 – 687720 – 76065025 – 30 Trading Sessions5 – 10%

# CMP on Mar 01, 2019
* Maintain recommended StopLoss by daily closing basis.
   Once 1st target hit, reset StopLoss at 704.
^ The returns are calculated based on CMP#


Established in 1957 as Madras Cements, this South-India based Ramco Group company manufactures portland cement and pre mixed dry mortars, such as plasters, wall putty and tile adhesive. Its cement is sold under the Ramco Supergrade brand in India. Ramco Cements Q3 profit drops to Rs 101.07 crore for the December 2018 quarter, against Rs 122.74 crore in the year-ago period.

Stock Data
SectorNifty Commodities
52W High879.1
52W Low546.9
Face Value1
Relative Performance_Ramco Cements vs Nifty Commodities Index


  • The weekly chart indicates that after a 4-5 months consolidation stock has given the upside breakout of the trend line indicates a positive sign.
  • The breakout supported by huge volumes. This indicates that the stock looks set to continue the next leg of its uptrend.
Ramco Cements Weekly chart
Ramco Cements Weekly chart


  • Technical indicators MACD is also suggesting buying for the stock, so one can buy in the range of 672-687 levels for the upside target of 720-760 levels with SL below 650.
Ramco Cements Daily chart
Ramco Cements Daily chart


1)  It’s advisable not to enter/exit beyond the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other technical recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.


The research analysis is prepared by Arijit Banerjee, CMT, CFTe. He is a veteran trader and an active investor having in-depth knowledge in financial market research, advanced technical analysis, market cycle, algorithmic trading and portfolio management. Arijit is a Chartered Market Technician (CMT) accredited by CMT Association USA, the leading global authority of Technical Analysis and has been honoured by Certified Financial Technician (CFTe) from the International Federation of Technical Analysts, USA. SEBI, the regulatory body of Indian financial market also recognizes him as a Research Analyst (INH300006582).


The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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