**technical analysis** for the RAMCO SYSTEMS LTD chart:
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### **Technical Analysis – RAMCO SYSTEMS LTD (NSE: RAMCOSYS)**
**Pattern:** Cup and Handle
**Breakout Level:** ₹429
**Current Price:** ₹440.25
**Volume Confirmation:** Strong volume on breakout day (1.82M), supporting validity of the breakout.
**Target Price:** ₹589.80 (based on height of cup added to breakout point)
**Percentage Upside from Breakout:** \~37.81%
**Support Levels:** ₹429 (previous resistance), ₹380 (handle base)
**Stop-Loss (if trading):** Below ₹400 for short-term traders
**Analysis Summary:**
Ramco Systems has broken out of a classic Cup and Handle pattern with strong bullish momentum and a nearly 20% single-day gain. The breakout is supported by significant volume, indicating strong buying interest. The projected target lies around ₹589 based on the pattern measurement. Traders should watch for sustained volume and price action above ₹429 for continuation.
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### **Technical Analysis – RAMCO SYSTEMS LTD (NSE: RAMCOSYS)**
**Pattern:** Cup and Handle
**Breakout Level:** ₹429
**Current Price:** ₹440.25
**Volume Confirmation:** Strong volume on breakout day (1.82M), supporting validity of the breakout.
**Target Price:** ₹589.80 (based on height of cup added to breakout point)
**Percentage Upside from Breakout:** \~37.81%
**Support Levels:** ₹429 (previous resistance), ₹380 (handle base)
**Stop-Loss (if trading):** Below ₹400 for short-term traders
**Analysis Summary:**
Ramco Systems has broken out of a classic Cup and Handle pattern with strong bullish momentum and a nearly 20% single-day gain. The breakout is supported by significant volume, indicating strong buying interest. The projected target lies around ₹589 based on the pattern measurement. Traders should watch for sustained volume and price action above ₹429 for continuation.
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Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.