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Technicals for The Ramco Cements Limited
By MusingTheNews
2026-02-03 20:59
Overall Technical outlook
Price Summary
In today's trading, The Ramco Cements Limited's stock spiked by 2.27%, showcasing an fantastic market day. On 2026-02-02, The Ramco Cements Limited's stock opened at 1087.7, reached a high of 1129.0, dropped to a low of 1080.1, and closed up 2.27% at 1112.4, with a trading volume of 433317 shares. The top price for the stock in the last 52 weeks is 1201.4, with the bottom price being 801.55. 32 analysts predict that the future price of RAMCOCEM will be in the range of 650.0 to 1270.0, with a mean expected price of about 1041.6562.
Technicals
Support and Resistance: The price for RAMCOCEM at 1112.4 finds support at 1111.4 and resistance at 1111.4. This suggests a trading range, where 1111.4 serves as a support level and 1111.4 acts as a resistance point, potentially capping further gains. Support/Resistance for RAMCOCEM
Aroon: The continuation of Aroon's bullish trend, with Aroon Up remaining at 100, signals strong momentum. However, to fully assess the trend's future potential, it should be analyzed in conjunction with other technical indicators. Aroon chart for The Ramco Cements Limited
Bol. Bands: The BOLL BANDS is in a neutral stance, not pointing to a clear trend in either direction. This suggests that the market may be lacking strong momentum, making it difficult to predict the next move. Bolinger Bands chart for The Ramco Cements Limited
Parabolic SAR: The PSAR continues its bullish outlook, establishing a support level that could help sustain the current upward trend. This level of support may act as a cushion against potential downturns, indicating continued strength in the market's bullish momentum for RAMCOCEM. Parabolic Stop and Reverse chart for The Ramco Cements Limited
Stochastic: The stochastic indicator shows a bullish signal, with the K-line exceeding both the D-line and the 80 mark. This setup suggests strong upward momentum, implying that the market may continue to rise. Investors could consider this a favorable sign for continued market growth for The Ramco Cements Limited. Stochastic chart for The Ramco Cements Limited
Tripple Moving Agerage: The 20, 50, and 100 moving averages are aligned in a bearish pattern, signaling a downtrend. However, the slopes of the 20 and 50 SMAs are starting to waver, suggesting that the bearish momentum may be weakening. This could be an early sign of a potential bullish reversal for RAMCOCEM, as the market's downward trajectory begins to lose strength and a possible shift towards more positive price action may occur soon. Tripple SMA chart for The Ramco Cements Limited
When evaluating a company's technical indicators like price trends and trading volume, it's important to also assess its fundamentals. Key factors include the company's profitability, growth rate, and financial stability. Furthermore, considering the industry within which the company operates provides additional context, as factors like competition and market demand can affect performance. By combining this analysis, you can make more informed judgments about the company's future prospects.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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