Ramco Industries Ltd on a daily, weekly & monthly
chart stock price is making higher high and high low pattern with increase in
volume, indicate positive outlook. On a weekly chart stock price is trading in
a perfect parallel channel, in the channel stock price has bounce back from the
lower channel now its heading towards north to touch the upper channel, which
add more bullishness for the stock price.
If one were to go by the
volume data, a higher upswing is seen on the stock price. Trader or investor
can accumulate at Rs. 618 for the target of Rs. 648/664 levels, with Rs.590
stop loss on closing basis.
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