Raymond: Turnaround PotentialRaymond(D): CMP looks good for more upside. 1) Rounding bottom reversal, 2) Positive Breakout with Retest, 3) Unlock Theme 4) Stock price is < 2/3 Tangible book value per share.
Disclaimer: I am one of those stock enthusiast who loves to trade, i am not an expert, the charts i post here are my records and practice. I reserve the right to be wrong.
RAYMOND
RAYMONDWAIT FOR+++++++++++++ BREAKOUT ++++++++++++OR+++++++++++++++BREAKDOWN
========================ENTER WITH RETEST===================
+++++++++++++++++Confirm with the candlestick rejection and your other technical source++++++++++++++++++++++++++++++
---------------------------------{IF YOU DRAW THOSE IMPORTANT ZONES IN 5MIN CHART IT LOOKS GOOD}---------------------------------
====FOR EDUCATIONAL====
Raymond Possible BO coming from uptrend channelRaymond 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..
#RAYMOND CMP 385 Target 583 (50%+) #NIFTY #BANKNIFTY #stocks #it#RAYMOND
NSE: RAYMOND
CMP 385.65
Target1: 476
Target2: 583
SL: 359
TimeFrame: <5-6 months
Can hold for a longer term. Price from now might double.
Factors:
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
RAYMOND accumulate / watchout 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 been trading
each of the major waves ...
so this is a pure delivery buy trade
hope you harvest profits here ..
go for it ...
This is one of our premium services scrip , where we trade each and every wave
cut the cost of our inventory and get it ready for the final rally ..
RAYMOND | Price Action320 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.