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RAYMOND LTD
Long

RAYMOND, Positional Idea

By Piyush-Gupta
Updated
RAYMOND above 683 is good positional bet for 800+ targets (16-18%). It has major support around 630 region which is respected since 2006. Once resistance at 683 region is breached, it can sail through till 800+ region which will be another long term resistance trend line.
Trade active
Activated on Friday.
As soon as it crossed this 683 level, made intraday high of 707 which is 3.5% move.
Chart Patterns
Piyush-Gupta
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