Strong results and equally good charts. i will be opening an additional position in it.
its in a no trade zone for me as its Monthly charts simply reflects downtrend. will buy once it test the resistance marked near 2400 levels
I will wait for some retracement to add more to my position.
Will wait for retracement to open a new position with targets above 1400
A close above 820 would be a bullish sign. Further i believe that the Raymond is in clear downtrend and it fails to hold above 715 levels in coming weeks then we will see it testing 620/550 levels within this financial year. Please do your own research before taking any investment decision.
Bluedart is very close to completion of its downtrend. But for now i will short it with redlines as targets.
Trend line is from 2009 Nifty is looking good for retracement on multiple indicators.
i like this stock and am quite bullish on it for midterm but for now it needs to hold 288 zone for a further bullish move as per the charts
Ideally i will wait to buy it from levels close to blue line. Ref RSI needs to cool off
good time to book your profits
Trade setup mentioned in the chart
Buy it after it crosses the red line and stays above it Target would be green line This is not a trade advise.
If it test the support at yellow line and bounces from their then expect it to hit green lines otherwise short it with red as targets. You can reach me on telegram at my id TACHARTS