AbhishekBhandari
Short

S & R short Raymond idea

NSE:RAYMOND   RAYMOND LTD
S & R short Raymond             idea

as we can see from the chart it has rejected 920 upside twice with no major news coming and with RSI trending down a trade can be initiated at 875 with a stop loss of 930 and target of 825 which is .618 fib retracement also a trending channel support.

a trade can be hedge with 820pe sell at 13.90
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