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.
Bullish Shark - Raymond
CMP 777.40 | PRZ 755-762 | SL 751 | T1 776 | T2 784
Chart by @avyaktha on 11-04-2019
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Short sell with levels mentioned and trail half quantity on hitting 1st target
REASON- Macd divergence + rejection at supply zones
If you like my ideas, reach me out on my twitter handle @Harsh_3700
One may sell Raymond on rise with SL of 840 and target of 795. A sell on RSI indicates that a distribution might start that eventually culminates into a fall in price.
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