RAYMOND: READY FOR A BIG RALLYThe stock gave a strong breakout and then pulled back on low volumes. Looks ready to restart its upward journey after a good 5 months consolidation. A close above 290 will be positive.
RAYMOND trade ideas
RAYMOND STOCK ANALYSISThe stock has formed a double bottom trend on 4H chart. This means that if the stock can break its resistance it can go in a bullish trend for the next few weeks. As we can see that the stock price is currently taking resistance on R1=288 again and again. So this level is the key resistance. And the second resistance is on R2=292. The EMAs are also giving a buy signal. So if the stock break the first resistance wait for it to break the second for confirmation.
Target=337
Stoploss=245
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.
Short on monthly chartBefore dropping to the lower levels as per the blue line, it might give a chance to exit between 350-370 shown by red lines. Which are strong resistances.
Looking at this chart I don't trust myself for a long term support at such low levels. I could be wrong but chart shows a down trend.
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.
ramond at critical pointNegative move but soon we see greenery in stock.
As of now there no indication of
But there will be up move.
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.
RAYMOND ANALYSIS 28.07.2020Buy 249
First Target 267
Second Target 297
so wait for better conformation .
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
