|Buy Range||672 – 687|
|Target||720 – 760|
|Duration||25 – 30 Trading Sessions|
|Potential Return^||5 – 10%|
|CMP#||Idea||Buy Range||Target||StopLoss*||Duration||Potential Return^|
|687.8||BUY||672 – 687||720 – 760||650||25 – 30 Trading Sessions||5 – 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.
TECHNICAL OBSERVATIONS (WEEKLY)
- 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.
TECHNICAL OBSERVATIONS (DAILY)
- 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.