RAMKY INFRA – High Volume Breakout Near Golden Ratio | Fib + Channel Analysis

📌 Chart Context:
RAMKY INFRA is attempting a strong breakout above the golden Fibonacci zone (0.618 at ₹636.10) after registering a sharp move of +8.56% today with extremely high volume, indicating strong institutional activity.

🔁 Trend Bias:
📈 Bullish, supported by consistent higher highs and higher lows inside an ascending channel. Price is respecting mid-term bullish structure since April 2025.

📍 Key Technical Levels:

• Entry Trigger: ₹611 (marked on chart)
• Stop Loss: ₹566 (Previous breakout retest zone & bottom of rising wedge)
• Resistance Zones:
  • 📍 Resistance 1: ₹624.85
  • 📍 Resistance 2: ₹644.85
  • 📍 Resistance 3: ₹678.70
• Support Zones:
  • 🟩 Support 1: ₹571
  • 🟩 Support 2: ₹537.15
  • 🟩 Support 3: ₹517.15

🔍 What’s Catching Our Eye:

• Price has bounced cleanly from the 0.5 Fibonacci level (₹590.65) and crossed above key short-term resistance, with strength.
• Volume spike is one of the highest in recent months, often signaling breakout reliability.
• The recent breakout happened from a rising wedge/channel, which is now acting as dynamic support.

🧠 Trade Logic:
A bullish continuation pattern with confirmation via Fibonacci confluence, channel support, and volume. The stock has potential to scale toward ₹644–₹678 zone if it sustains above ₹611 and manages to hold ₹571 as base. 

⚠️ Note: Avoid chasing price if already moved too far from entry. Wait for intraday dips toward ₹590–₹600 for favorable R:R setups..

⚠️ Disclaimer (Please Read):
• This chart is shared for educational purposes only and is not investment advice.
• I am not a SEBI-registered advisor.
• The information provided here is based on personal market observation.
• No buy/sell recommendations are being made.
• Please do your own research or consult a registered financial advisor before making any trading decisions.
• Trading involves risk. Always use proper risk management.

Tue Jul 8, 2025