“Rama Phosphates Ltd is showing a technically strong breakout backed by volume and supported by a fundamentally improving outlook. The current level offers a favorable risk-reward swing opportunity for a 5–10 day holding period.”
Technical Overview:
20 EMA: ₹117.96 (Price above 20 and 50 EMA = short term and medium term indicator)
Breakout after facing a consolidation zone (₹113–₹119 range) with Strong bullish candle and volume confirmation.
📌 Fundamental View:
The company is fundamentally stable with growth potential in the fertilizer sector, especially during monsoon-driven demand spikes. Technical strength now aligns with mid-term fundamental value.
Company P/E ratio is attractive debt free or low debt which is positive sign for small cap. company's quarterly performance is good. company gives regular dividends which adds investors confidence.
📊 Trade Levels:
Buy Zone 121–123 Breakout confirmation entry
Stop Loss 116 Below 20 EMA and recent support zone
Target 1 130 Previous swing high
Target 2 138–140
Risk–Reward ~1:2.5
Technical Overview:
20 EMA: ₹117.96 (Price above 20 and 50 EMA = short term and medium term indicator)
Breakout after facing a consolidation zone (₹113–₹119 range) with Strong bullish candle and volume confirmation.
📌 Fundamental View:
The company is fundamentally stable with growth potential in the fertilizer sector, especially during monsoon-driven demand spikes. Technical strength now aligns with mid-term fundamental value.
Company P/E ratio is attractive debt free or low debt which is positive sign for small cap. company's quarterly performance is good. company gives regular dividends which adds investors confidence.
📊 Trade Levels:
Buy Zone 121–123 Breakout confirmation entry
Stop Loss 116 Below 20 EMA and recent support zone
Target 1 130 Previous swing high
Target 2 138–140
Risk–Reward ~1:2.5
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.