RAYMOND BULLIST TGT 2159-2293 -2730 DT 19-04-2024

Raymond Ltd. is an interesting chart with following

1. RSI on all time frames above 60 (DWM)
2. Narrowing Bollinger Bands on weekly chart with price walking on upper band
3. Bullish Marubozu Candle on daily chart with huge volume
4. ABCD pattern under formation on weekly chart
5. Ascending Triangle breakout on daily chart

Major Support at 1790 - 1850 zone, one can look to buy on dips and dips only with major resistance near 2159-2293 -2730 zone Lets see How it evolves.

Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
Trade closed: target reached:
TARGET 2 REACHED with 2294 close and high of 2333 ... One can trail with strict Stop losses


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.