Ramco Cements – Technical Analysis, Support and Resistance

The stock

is showing a weak-to-sideways structure on the daily chart. After making a major high near ₹1200 the stock has formed lower highs and corrected sharply. It is currently trading around ₹870 and consolidating near the ₹850–900 zone. Recent data also shows the stock closing at ₹869.75 on September 18 while it remains below its 50-day and 200-day averages indicating that the broader trend has not yet turned strongly bullish. Support & Resistance: Immediate support is around ₹850–860 followed by ₹820–830. If ₹850 breaks with strong selling, the stock can remain under pressure toward the lower support zone. On the upside ₹900–920 is the immediate resistance area followed by ₹950–970. A sustained breakout above ₹920 would improve the short-term structure. Short-Term Buyers & Holders View: For short-term buyers, ₹850–860 is an important zone to monitor for price stability. A move above ₹900–920 with strong volume can indicate improving momentum. If price fails to hold ₹850, weakness may extend toward ₹820–830. Holders can monitor the ₹850 support and ₹920 resistance for confirmation of the next move.