Today the stock has been given a BO, It can go even higher level. According RR aim for 1:1 n 1:2 > Volumes good > Strong BO.
RAYMOND - VCP Good compression of volatility here. Expansion is left now.
we are on short side raymond cmp 970/980 maintain sl above 990 short term target-870++ risk 10 to 20 points rewards- 90 points always respect risk to rewards.
The stock has broken out and retested, therefore may undergo a reversal rally. Trade is supported by Supports Nearby. Risk Reward Ratio - 2:1 SL is placed below the support zone & the lower trendline. The target is placed near resistance.
Ones brake the line go to buy one brake the line go to sell 2:1
Rsi and macd are also in reversal. May be profit booking start so wait for reversal confirmation.
#Raymond NSE:RAYMOND NSE:RAYMOND RAYMOND CMP: 780 Entry 770 Target 980 SL 700 RR > 3 TF < 6 months Return ~ 30% Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT...
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Base 2 BO given. was supported by good volumes. RS in strong uptrend
2 YEARS resistence level will be crossing can touch 1150
NSE:RAYMOND Raymond long gonna break the trend line in the monthly time
Raymond limited about to breakout. Enter with given levels and earn about 47% within 6+ months.
Guys, We can see the good volumes in Raymond since last 20 to 25 days, but the thing is, It was making Flag and pole pattern with active volume. keep an eye on it, Raymond will good return.
Raymond Ltd. Rounding Bottom Pattern - Weekly / Monthly Basis. Price Break-Out / Volume Built-Up Support. Price Break-Out on Weekly Trendline. Trail Stop Loss. Do You Own Research As Well. This is Just an Opinion. Happy Investing :)
Bollinger Band crossing up side in daily candle and also big coming for textile sector. If tomorrow close above previous high then there will be buying opportunities. ( Just Prediction , I am not a market expert )