RAMCOCEM

📈 RAMCOCEM – Classic VCP Setup with Breakout Potential 🚀
🔍 Technical Structure: VCP (Volatility Contraction Pattern)
Ramco Cements is currently exhibiting a textbook Volatility Contraction Pattern (VCP) – a bullish continuation pattern popularized by Mark Minervini. This setup often precedes explosive breakouts, especially when accompanied by key technical confirmations.

✅ VCP Phases Observed:
Wave 1: Decline of ~21% (₹210) from swing high
Wave 2: Pullback of ~9.5% (₹96)
Wave 3: Most recent pullback ~5.4% (₹55)

Each contraction has been shallower and tighter — textbook VCP behavior.

The current base is tightening, and price is forming a mini-cup on the right side.

📊 Volume Action (Key to VCP)
Volume consistently drying up during each successive pullback — a sign of supply absorption.

Today’s session showed a spike in volume with a bullish candle, suggesting possible initiation of demand and interest at key resistance levels.

📈 Moving Averages Confirmation
Price is trading above all major moving averages:

🔹 20 EMA
🔹 50 EMA
🔹 100 SMA
🔹 200 SMA

All MAs are positively sloped, reinforcing a strong uptrend across short, medium, and long-term timeframes.
✅ Conclusion
Ramco Cements is forming a high-quality VCP setup supported by:

Strong volume contraction behavior,
Positive price action near breakout zone,
Clean structure above key MAs,
Bullish momentum and improving market sentiment.

📢 Keep this stock on high alert. A strong breakout above ₹1,020 could trigger a powerful upside rally.