RAYMOND
RAYMOND LTD - Triangle + Double BottomsRaymond is breaking out of a Symetrical Triangle plus it is also making Double Bottoms. Both the patterns are on bullish side supported by the volume. Targets on the chart.
Disclaimer : The opinions and analysis expressed herein are for informational and educational purposes only and should not be considered as individual investment advise or recommendations. I am not your financial advisor. Risk it for Biscuit.
Raymond - W patternNote: This is for educational purpose only.
There seems to be a W pattern in Raymond. Moreover, there seems to be a descending triangle bullish breakout with high volume. RSI is at 57 which is still in neutral zone.
RAYMOND BUY ABOVE 263RAYMOND BUY LEVELS
BUY ABOVE 263 on closing basis
TARGETS: 266, 273, 280
if sustain above 282-285 then 300-305 possible
Posting for Educational purpose only
Closing Basis means stock need to trade above 263 between 3:25 ~ 3.30 PM
If my analysis appears OK then please LIKE, FOLLOW and SHARE to get more future ideas
RAYMOND - CUP & HANDLE FORMATIONProfessional Day/ Short-Term Swing Trader. Ideas and entities are opinions. Trade at YOUR OWN RISK. I AM not your financial advisor. Risk it for the biscuit.
breakout expected in raymondkeep watch on raymond if breaks the line nice move can be seen upside
for educationl purposse
Education purpose only: RaymondPossible Breakout in Raymond limited. It is trading above the trend line on charts and also a higher trend box range is formed
Raymond showing a strong bullish momentumConsider this post as educational.
Factors:
a) Falling wedge pattern near historical support lines.
b) Falling flag breakout pattern inside wedge.
c) 20 EMA line acting as Dynamic support at breakout for the next candle if its opening >= Previous close. Probable 20 EMA line upside closing break.
d) An End of a swing low with initial buying thrust.
Short Term Profit:
If opening is bullish:
Entry: 5 mins Time frame 1st candle high
Stop: 5 mins Time frame 1st candle low
Profit: min 2-5 RR
Long term Profit:
Entry: Previous day candle high
Stop: Previous day candle low
Profit: Volatility based trailing stop loss. 300+ target in max of one week.
Raymonds: Gap Fill before ReboundPositional Trades:
Short below 245 for 240, 238.5, 235 with SL at 250
Aggressive traders may want to initiate short at 248.5 !
Below 238 would be an ideal point for buying OTM August expiry call option.
Double bottom and Fibanocci levels are good Double bottom pattern formed looking good for long term and fresh entry can do well
RAYMOND above 240 Based on market trend, if Raymond sustains above 240 , we can go for long with targets of 250/260/270/280
Raymond - Bearish/weakRaymond currently formed bearish marubozu pattern and below 262 level ,
we can expect good downside ... upto 245 levels.
Raymond - from current level to 235 or 177Raymond 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
RAMOND GO SHORT GAP ANALYSISTHERE 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
Bullish Raymond ? 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. If, there is a considerable change in OI or volume, you can consider the stock.
