#RAYMOND trading above Resistance of 1734
Next Resistance is at 2676
Support is at 1339
Here are previous charts:
Chart is self explanatory. Levels of breakout, possible up-moves (where stock may find resistances) and support (close below which, setup will be invalidated) are clearly defined.
Disclaimer: This is for demonstration and...
RAYMOND :- Can we see 2200 once in Raymond, keep eye on it
Hello traders,
As always, simple and neat charts so everyone can understand and not make it too complicated.
rest details mentioned in the chart.
will be posting more such ideas like this. Until that, like share and follow :)
check my other ideas to get to know about all the successful trades based...
Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
NSE: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...
Negative here is the Pledged percentage 31.8 % and Low Promoter holding 49.1 %
Market Cap 7,742 Cr.
Stock P/E 12.6
Industry P/E 27.0
Dividend Yield 0.26 %
ROCE 13.2 %
Debt to equity 0.99
Stock Name - Raymond Limited
Ichimoku Cloud Setup :
1). Today's close is above the Conversion Line
2). Future Kumo is Turning Bullish
3). Chikou span is slanting upwards
All these parameters are showing bullishness at Current Market Price
and more bullishness AFTER crossing 1150
#This is not Buy and Sell recommendation to any one. This is for education...
NSE:RAYMOND
Reason for Trade : Daily BO
Cmp : 1022.95
Entry : Cmp or Above 1033
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information posting on this page are for the...
Raymond Limited is a diversified group with interests in Textile & Apparel sectors as well as presence across diverse segments such as Real Estate, FMCG, Engineering in national and international markets 55+ Countries.
Stock is near breakout after few months of consolidation
NSE:RAYMOND
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose!
NSE:RAYMOND
Reason for Trade : Resistance Break Out with Moderate volume
Cmp : 1024
Entry : CMP or Pullback Near 1015
Stop Loss: According to one's Risk Reward ratio
#Study, Learn & Earn.
If you love this post please like and comment your thoughts below. That will be a great motivation for me to post similar ideas ahead.
Disclaimer: All the information...
