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RAMCOSYS -TECHNICAL CHART STUDY

RAMCOSYS

As per the long term view and chart of ramco we can see that on long term chart stock has made rounded bottom in such cases it look to go for the higher top always.

if you look at the monthly chart we can see that stock is making rising top and bottom. and able to move above all resistance of past 12 years. so this rounded bottom stock can look to go higher with rising channel or any of rising pattern.

as per our view on stock we can just inform that stock is good to hold between 550-650 range with support at 300-350 range and is pattern get successful in coming days then we can see a bigger move coming on this one till 800-1000-1200-1600 and can be 2400 also. but remember adding with fresh highs and maintain the mention support level will be the rule for game, bigger target doesn’t mean it can move really, we need further chart support as per move develop.

 

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