here as we can see after the motive waves 12345 , we are into abc correction
out of abc , wave a has been identified , and now wave a shall be retraced by wave b ,
keeping it very minimal to 50% retracements .. also the price action suggests that 350 levels
are a short term rejection levels as well ..
I am bullish on raymond on a yearly perspective and have...
In 1WEEK CHART this stock HAS shown a clear Breakout. If nifty bullish side then it can move upwards.
Look through Technical analysis we can predict the best case scenerio.
I am doing my best. And one important request is for you that dont try to fight with a market and DON'T TRY TO GAMBLE. LEARN THE CONCEPTS.
Keep follow the levels....
320 has been a major resistance for RAYMOND. If it is able to break this level and hold around it for a while,
- the first target could be the 200EMA.
- the second target could be around 350 levels.
- the third target could be around 400 levels
These levels are marked base on historical support and resistance levels.