RAMCO CEMENT READY FOR ACTION...NSE:RAMCOCEM trade at 830 level. Stock trade in triangle range. You can watch for next trendline resistance at 1000-1100 level.
RAMCOCEM1! trade ideas
Lower time frame entry modelLTF entry model. 15m candle bodies are respecting the FVG. sellside liquidity is in place which is of concern but the risk profile is good as we are buying at discount. As always place Stop Loss accordingly.
As predictedAs outlined we see a marked movement into the vol. imbalance. We can look for buys here with appropriate risk keeping in mind that price may still want to move through that imbalance into the OB+
Range bound in Consolidation mode.Looking for a drop in price before identifying appropriate buys. We have been in consolidation for over 10 days. We will break it this week IMO.
Some clean Price Action on RAMCO futuresWe see some beautiful price action here. Election day drop creates wipes out huge liquidity followed by a clean bullish run into consolidation. I see lower prices from here into the marked areas followed by a bullish run.
Predictions overall spot onI shared a video on election day in India highlighting explosive bearish candles. My thesis was that this aggressive move down would only be for a day or two and we would see again strong bullish action. These markets are manipulated. As predicated it happened and the futures I have been watching again exploded to the upside.
FAKE BLACK SWAN EVENT IMOToday is election day in India. Its a major event. We see huge black candle. This is all a manipulation event to create panic in th emarket.
SPOT ONHow to enter on these kinds of runs. The only way is to be patient and wait for a retracement.
Beautiful movement lowerWe see a text book movement to take the previous swing low liquidity. We dig deeper into the monthly order block. HTF is always king. I would like to see a little deeper dig lower over the next couple of days and then a bullish reaction to take prices higher. Purely based on algorithmic price delivery.
Confluence cityWe can take a long position using appropriate risk management once the SSL has been taken. We are in a long term OTE as well. We are also in a monthly bullish order block. With SSL lows taken it will put us in a daily order block as well. I would not take a long position without confirmations on LTF to mitigate excessive risk.
RAMCOCEM1!05-12
Daily chart of RAMCOCEM1!
LTP: 695.20
RSI looks strong and bullish
Support at 675.10 (manual)
Resistances at 744.65 (200 EMA) and 777.75 (manual)
Looks like a buy opportunity for swing traders and sell on rise for positional traders.
