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Kundan Motwani

2nd Oct · SEBI Registration INH000019354

For Ram Ratna Wires (RAMRAT), the setup is worth watching

RAMRAT
For Ram Ratna Wires (RAMRAT), the setup is worth watching for Monday, but note that it closed at ₹616.55 on 1 Oct and made a fresh 52-week/all-time high around ₹620.30. Volume was about 10.1 lakh shares, versus ~1.94 lakh the previous day. ***** Monday levels Breakout trigger: ₹620–622 If sustained above ₹622: watch the price action for continuation rather than chasing the first spike. Near support: ₹600–605 Stronger support: ₹580–585 Invalidation: a decisive move back below ₹580 would weaken the recent breakout structure. The important point is that ₹620 is now the immediate price-discovery level because it is the recent/all-time high. Because this is a relatively volatile stock, position sizing and stop-loss discipline matter. The exact levels can also change significantly depending on Monday's opening price and volume.

#TrendingSectors#TechnicalViews#StockInNews#Today’sTradingSetup
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