RAYMOND trade ideas
RAYMOND at its support areaNow the stock is at its support area. But as per the chart the reversal starts from ~314.9 Breaking of this support is depending upon NIFTY movement. If it breaks then can expect to 315 level
Raymond-Go long for short term
An ascending triangle is being formed between the resistance at 355.25 and a long term trend line
The stock is taking support on the long term trend line.
The resistance too is being tested multiple times forming higher lows each time
This will eventually break out the resistance and the next target can be at 375 levels.
This is expected to reach by another 15 trading sessions
Short Raymond!Unable to form newer highs Raymond finds itself in a triangle now. One can go short when the lower TL is breached and expect 312 in the short term and even 295 levels to be tested again in the coming days.
RAYMOND - 1D TF - TrendlineTrendline Resistance at 345 on Daily Chart of RAYMOND. Either 400 or 309.90. I'm learning chart patterns as of now. You can plan your trades accordingly if you know how to trade these patterns.
RAYMOND - LONG - GOOD SPACE FOR UP MOVEMENTWe are in RAYMOND LONG side from last 45 days + and still a good space is there above to make new highs. Expecting another sharp rally in RAYMOND in upcoming days.
APOLLO TYRE - PREPARING FOR A BIG RALLYAPOLLO TYRE - IF BREAKS AND SUSTAINS AND GIVES PROPER PULL BACK DEN 310 CAN ACT AS NEW AND IMPORTANT SUPPORT
Raymond- Another Breakout to watchout for.This stock has been consolidating since long long long longgggggg time.
Interestingly even when nifty regained itself at top but this stock is still fishing at bottom so question is why this stock suddenly?
Let me show you something in weekly chart.
Just look at those goddamn volumes which is being generated right now. In whole chart of weekly we can hardly see these much of volumes consistently.
So my question is same:- Who is buying all those quantities? You? Me? Someone Hidden?
Along with this look at daily chart now. It has already Tested resistance level of 340 multiple times.
All the swing Lows are making Higher Lows.
Very surprisingly 200 EMA also exactly at 340 Levels. Slope of 200 Ema is now changing from downward to flat.
Keep an eye Ladies and gentleman.
Cheers and Happy Trading.
Hope it helped.
RYAYMOND ANALYSIS 25.11.2020BUY 319 TO 309
TARGET 354 TO 361
NOTE :
ONCE IT HAS CLOSE ABOVE 361 WITH STRONG BULL CANDLE IN DAY CHART AND THE NEXT TARGET UP TO 400 RO 441.
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.
Breakout and Retest Positional SetupTriangle Pattern breakout with high volumes. Estimated target is @400
raymond - Breakout with Huge VolumesAs per chart, add on dips...once break 329...target 420....will review in next week
Raymond ready for become Diamond !!!Raymond consolidation ends in a few days , excellent buy opportunity , short term profit of 20%.
Raymond Triangle Breakout - Swing tradeNSE:RAYMOND Can consider Raymond Triangle Breakout for Swing trade with lower trend line as SL on closing basis. Try to take the trade once it retraces based on you RR.
Can look for 902, 300 and 310 as reward. Let me know for any queries. Please like, share, follow for more updates.Thanks.
