RAYMOND LTD : PRICE CONSOLIDATION

RAYMOND

Raymond Ltd price consolidation with volume shrink.

The major trend is bullish, the new bull leg is started after a strong breakout with high volume and the price has formed a triangle pattern on 30 min TF, If it breaks the 1515 level then it might show good momentum up to 1550 in intraday, and for positional it should close above 1550 in daily candle for further up-move.

Use position sizing according to your stoploss level.

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Thankyou.

Trade active:

trade activated in opening and moving good in such a bearish market made a high of 1528 from 1515 . 1% move till now

Trade active:

target hit made a high of 1559. more than 3% move captured in intraday will wait and see if it closes above the 1550 to hold for further move.