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Raymond Limited

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RAYMOND trade ideas

RAYMOND BULLIST TGT 2159-2293 -2730 DT 19-04-2024Raymond Ltd. is an interesting chart with following 1. RSI on all time frames above 60 (DWM) 2. Narrowing Bollinger Bands on weekly chart with price walking on upper band 3. Bullish Marubozu Candle on daily chart with huge volume 4. ABCD pattern under formation on weekly chart 5. Ascending Triangle breakout on daily chart Major Support at 1790 - 1850 zone, one can look to buy on dips and dips only with major resistance near 2159-2293 -2730 zone Lets see How it evolves. Disclaimer: I am not an expert I just share interesting charts here for educational purpose and not to be taken as buy/sell recommendation. Please seek expert opinion before investing and trading as trading/ investing in market is subject to market risks. I do not hold any position in the stock as on date but I may look to buy on dips with my own Risk Reward matrix.
NSE:RAYMONDLong
by purisonshuf
1
RAYMOND bullish; above 1950 ? - Friday 5th April.The above information does not constitute investment/trading recommendation and it is purely for educational purpose. Please check the Strategy below... SWING Trading Strategy: Position is created, only upon stock closing above the entry price on day closing basis and is held on for 5-10 trading sessions for larger gains (5-10%) INTRADAY Trading Strategy: 1) Impulse upmove stage: The strong upmove (nearly upto 2% from breakoutprice) happens within five to 15 minutes. "High Risk Traders" buy in hope of another 2% upmove intraday. "High Risk Traders" patiently wait through the Pullback-Consolidation stage to realize profits. High risk/High reward set up as breakouts may fakeout (reversal)also 2) Pullback-Consolidation stage: After the above "Impulse upmove stage"; the price may then pull back and move sideways (between "Open" price and "High" of the above "Impulse upmove stage"). Safe traders with minimum risk profile wait for a breakout from the consolidation to enter at this stage to relize high profits in the final intraday final "Breakout continuation" stage 3) Breakout continuation: Stocks often in the third stage breaks up above the "High" of the first "Impulse upmove stage" and continue to go higher again. Both Safe Traders/High Risk Traders book profits at this stage This do not constitute, financial, investment, trading, or other types of advice or recommendation.
NSE:RAYMONDLong
by JJ_Breakouts
Amazing breakout on Weekly / Daily Timeframe - RAYMONDCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPECTED! NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!! #No complicated chart patterns #No big big indicators #No Excel sheet or number magics TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME. PS: No new Nifty500 script can escape from me when making a breakout. :-)
NSE:RAYMONDLong
by Yoyohoneysingh93
Raymond is looking to Fly the Sky #SuperChartzKey levels: Support: 1800 on a closing basis Resistance: 1920, 1980, 2080, 2185 Description: Fundamentals: Business Overview: Raymond Limited, established in 1925, is a diversified group with interests in Textile & Apparel sectors, Real Estate, FMCG, Engineering, and international markets. It is a leading vertically and horizontally integrated manufacturer of worsted suiting fabric globally. Business Segments Post Demerger: The company will focus on Real Estate, Engineering, and Denim (Joint Venture) while retaining its flagship brand, Raymond. Brands: Notable brands include Raymonds, Colour Plus, Parx, Park Avenue, and new ventures like Ethnix. Strong retail presence with 1,638 stores, including 49 overseas stores in nine countries. Revenue Mix FY23: Branded Textile: 40% Branded Apparel: 16% Garmenting: 13% High-Value Cotton Shirting: 9% Engineering: 10% Real Estate: 13% Joint Ventures: Raymond UCO Denim (JV) manufactures specialty ring denim with a capacity of 56 million meters per annum. FMCG presence through Raymond Consumer Care (50% JV) in personal hygiene products. Raymond Realty: Started real estate business in 2019, with planned development on 20 acres, receiving significant booking values. Financials and Debt Reduction: Market Cap: ₹12,351 Cr. Debt reduced to ₹689 Cr. as of FY23. The company sold its FMCG business, reducing debt and becoming cash surplus. Demerger: Demerger of core Lifestyle business ongoing since 2019, aiming for two independent, debt-free entities with significant liquidity surplus. Technicals: Stock Performance: Current Price: ₹1,855 High / Low: ₹2,240 / ₹1,093 Stock P/E: 7.51 Financial Ratios: ROCE: 21.4% ROE: 22.9% Debt to Equity: 0.82 Price to Earning: 7.51 Market Performance: Return over 3 months: 2.35% Return over 3 years: 75.5% Enterprise Value and Sales: EV/EBITDA: 6.53 Enterprise Value: ₹15,469 Cr. Sales: ₹8,343 Cr. Miscellaneous: Book Value: ₹630 Dividend Yield: 0.16% OPM: 13.9% Price to Book Value: 2.95 EPS: ₹227 Industry PE: 35.3 Return on Assets: 7.86% Current Ratio: 1.77 In short, Raymond Limited demonstrates strong fundamentals with diversified business segments, successful brand portfolio, and strategic moves like demerger and debt reduction. Technically, the stock shows stable financial performance, moderate valuation, and positive market returns.
NSE:RAYMONDLong
by SuperChartz
4
"RAYMOND: Riding the Upward Wave with Confidence"Description: 📈 RAYMOND: Seizing the Momentum of an Upward Trend! 🚀 Get ready to capitalize on the potential of RAYMOND, a stock that's currently riding a strong upward wave. Here's why this trade setup deserves your attention: Key Points: 📊 Entry Price (in Rupees): Consider entering the trade at Rs 1835, positioning yourself for potential gains as RAYMOND continues its impressive upward trajectory. ❌ Stop Loss (in Rupees): Safeguard your investment with a stop loss at Rs 1640. This level acts as a critical safety net in case the trade doesn't unfold as anticipated. 🎯 Target Price (in Rupees): Our target is set at Rs 2400, reflecting a significant potential upside. This is where you may contemplate taking profits. 🕒 Trade Duration: Plan to hold this trade for 45 to 90 days, aligning with your trading strategy and market conditions. 📈 Risk-Reward Ratio: The corrected risk-to-reward ratio for this trade is approximately 1:2.90. For every unit of risk, there's a potential reward of 2.90 units, resulting in a risk-reward ratio of "1:2.90." 🚀 Trade Strategy: Stay confident as RAYMOND continues its strong upward trend. Keep your stop loss intact and consider trailing it periodically to secure gains as the stock progresses. 📉 Correction from Highs: RAYMOND has experienced a healthy correction, with a 21% pullback from its higher levels, creating an attractive entry opportunity. 📊 Trading on Support: The stock is currently trading on a supportive level, with today's daily candle indicating a potential bounce back. 💰 Favorable Risk to Reward: This trade presents a favorable risk-to-reward ratio, allowing you to aim for higher rewards while diligently managing risk. This trade idea offers a comprehensive plan, complete with a calculated risk-to-reward assessment. Seize the opportunity presented by RAYMOND's upward momentum with confidence and aim for potential gains. Happy trading! (Note: Always conduct your own research and assess your risk tolerance before executing any trade. Trading involves risks, and past performance is not indicative of future results.) 📊💼🧐
NSE:RAYMONDLong
by We_Learn_Investing
Raymonds PhasesAny Business Entity has to go through 4 business phases or business cycles. Phase 1: When the company starts, it prepares the foundation. All important data remains in a very consolidated phase and within a defined price range. Phase 2: Company improves in all aspects of frame and price range breaks the defined range and moves quickly to reach a peak. Phase 3: Now, company is again range bound and this phase gives an ooportunity how it can improve its overall financials and move to another peak. Phase 4: After phase 3, if the company fails due to internal or external factors to reach a new peak, it declines sharply.
NSE:RAYMOND
by RajeevvRoshan
1