RAMCOCEM trade ideas
Intraday view for Ramco Cement for today #RAMCOCEM Intraday view for Ramco Cement for today #RAMCOCEM
Selling opportunity may witness below 759
SL level around 770
Charts for Educational purposes only.
Not a Trading Recommendation.
Please strictly follow Risk Reward and Stop Loss if you follow the levels.
Thanks,
V Trade Point
Intraday view for Ramco Cement for today #RAMCOCEM Intraday view for Ramco Cement for today #RAMCOCEM
Selling opportunity if sustain below 764
Resistance area around 785
Charts for Educational purposes only.
Not a Trading Recommendation.
Please strictly follow Risk Reward and Stop Loss if you follow the levels.
Thanks,
V Trade Point
RAMCOCEM looks bullishRAMCOCEM is looking bullish on monthly, weekly and daily time frames. It has crossed 60 RSI levels monthly, weekly and daily. You can see volume has been increasing recently. It has been forming a cup and handle pattern. It has broken the neckline of C&H with significant volume. If it retraces 945 levels, it would be an excellent entry-level and can trade for over a 1:2 risk-to-reward ratio. It has a strong resistance at 1085 levels.
The Ramco Cements LtdTarget and STOPLOSS IN CHART
PREVIOUS TECHNICAL ANALYSIS ON THIS SCRIPT is below
FUNDAMENTALS
Market Cap
₹ 22,492 Cr.
Current Price
₹ 952
High / Low
₹ 956 / 634
Stock P/E
72.5
Book Value
₹ 288
Dividend Yield
0.21 %
ROCE
6.55 %
ROE
5.14 %
Face Value
₹ 1.00
Promoter holding
42.1 %
EPS last year
₹ 14.5
EPS latest quarter
₹ 3.34
Debt
₹ 4,507 Cr.
Pledged percentage
21.1 %
Net CF
₹ -7.45 Cr.
Price to Cash Flow
16.0
Free Cash Flow
₹ -358 Cr.
Debt to equity
0.66
OPM last year
14.5 %
OPM 5Year
20.7 %
Reserves
₹ 6,770 Cr.
Price to book value
3.31
Int Coverage
2.49
PEG Ratio
-7.83
Price to Sales
2.61
Sales growth 3Years
14.9 %
Profit Var 3Yrs
-17.1 %
RAMCO CEMENTSRamco Cements Ltd is engaged in manufacture of cement, Ready Mix Concrete (RMC) and Dry mortar products. It primarily caters to the domestic market of India
Breakout observed - Targets and stop loss mentioned in chart.
once T1 ACHIEVED , TRAIL STOP LOSS
Market Cap
₹ 19,941 Cr.
Current Price
₹ 844
Stock P/E
58.0
Book Value
₹ 288
Dividend Yield
0.36 %
ROCE
6.56 %
ROE
5.16 %
Face Value
₹ 1.00
Promoter holding
42.3 %
EPS last year
₹ 14.5
EPS latest quarter
₹ 6.45
Debt
₹ 4,507 Cr.
Pledged percentage
22.0 %
Net CF
₹ -7.45 Cr.
Price to Cash Flow
14.2
Free Cash Flow
₹ -358 Cr.
Debt to equity
0.66
OPM last year
14.5 %
OPM 5Year
20.7 %
Reserves
₹ 6,770 Cr.
Price to book value
2.94
Int Coverage
2.97
PEG Ratio
-6.32
RAMCOCEMNSE:RAMCOCEM
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
There can be a pause or reversal, at above trendline.
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose