Raymond standing on longterm strong support of 223
Considering all global index's are in positive incase if market opens positive,
should reach 235.
Incase if breaks this support level next strong support is around 177 and can be considered for good shorting
THERE IS A GAP AS MENTIONED AND IT HAS TO BE FILLED SOMEDAY WE CAN GO SHORT AFTER 30 MINUTE CANDLE CLOSES BELOW 739 TARGET IS WRITTEN FOR SHORT SIDE 685 APPROX
Raymond was mentioned in the NSE Website as Price band hitter on 8th November, 2019, with reporting huge volume on 8th November, 2019.
It's worth noticing the stock has moved over 200 points in the last 4 working days. The trend seems to be bullish. Please check out the NSE Website for the volumes and OI in Raymond before carrying out any positions in the stock....
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 10 to 15 times.
TREND ANALYSIS & TRADE SETUP
Follow Chart Instruction.
Do not be Hurry for entry.
Wait for Proper Entry Setup.
Buy/Sell with Best Risk Reward.
Educational Chart Only.
You can Comment and ask the TREND ANALYSIS of any STOCK/SCRIPT/INDEX/FOREX.
Wait for entry setup, if available then Long/short.
R:R is 12 to 20 times.
Follow Chart Instruction.
if Wants to take Entry then wait for it.
Can Ask in Comment for Proper Entry when it reaches my level.
I have shared this chart because many were thinking to exit from Raymond at lower Low Broken, hence better to wait for Higher Level for Exit or profit Booking .
and for short term investor to wait and then took entry.
Raymond is possibly in a Flat correction here. This is at one of its 'High' points now- a possible down move can be expected to go back to the recent 'low'- a possible buying opportunity to go back to the top again. A classic Sell High, Buy Low, Sell High kinda setup.
