The Ramco Cements Ltd has recently broken out from a falling trendline resistance, and this could be a buying opportunity for short-term traders. Experts suggest that the stock can be bought for a target above Rs 1,100 in the next few weeks.
Recent Stock Performance
The cement stock hit a high of Rs 1,206 on July 31, 2025, but it failed to hold the momentum. It closed at Rs 1,062 on December 18, 2025. However, the stock has bounced back and is staying above the trendline resistance.
What This Means For Investors
This breakout could be a sign of a potential uptrend in the stock. Short-term traders can look to buy the stock for a target above Rs 1,100 in the next few weeks. However, it's essential to keep in mind that the stock market can be volatile, and investors should do their own research before making any investment decisions.
- The stock has broken out from a falling trendline resistance.
- Experts suggest buying the stock for a target above Rs 1,100.
- The stock closed at Rs 1,062 on December 18, 2025.
Remember, this is a perspective, not a prediction. It's crucial to do your own research and consider your own risk tolerance before making any investment decisions.