Munchkunster

Raymond Possible BO coming from uptrend channel

Long
NSE:RAYMOND   RAYMOND LTD
Raymond has been trading between parallel channels after heavy capitulation in Mar 2020.

Seems like the time has come for a BO out of trend channel.

Look at the massive volumes bought in last week.. RSI confirms the uptrend continuation...

Wait for BO to buy.. Possible resistance zone between 510-530 .. Verify Momentum and book profits accordingly..

800+ possible target.. All details on chart ..

Please like if you agree...

Not a financial advisor. Just a normal guy learning along with community here..
Comment: Look for first target around 485-500...trend reversal can happen as very strong resistance in that range..

Timeline for first target (485-500) is Aug-Sep

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