raymond can go 1000 lets see where it go cmp 1049.. should go 1057-60 which is best entry for short (SL should be 1065) ... and target should be 1004-1000
Expecting to break this hourly trend line after hitting 1000
RAYMOND trade ideas
Raymond Peacock PatternWell... as you know it :D!
without the drawing its bouncing off sup/reistance
REYMOND LTD NEXT MOVEHI, GUYS, REYMOND LTD NEXT MOVE
IF BREAKOUT TRENDLINE 933.02
IF CONTINUE TRENDLINE 891.55 KEEP WATCH
Disclaimer:
The information contained in this presentation is solely for educational purposes. Does do not constitute investment advice. I may or I may not take the trade.
The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable for your own financial situation.
I am not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Hope this idea will inspire some of you! Don't forget to hit the like/follow button if you feel like this post deserves it
Go long
Previous Close as on Friday, March 23rd, 2018, 3:40 PM: ₹891.65
Buy at: ₹899*
Target Price: ₹933
Stop-Loss at: ₹885
Duration: within 1 week
*Purchase only during an uptrend
Not guaranteed as the stock market is subjected to market risks. These calls are based on my own research and are meant for paper trading. Please do your own research if you are interested in investing or trading in the stock market.
Short below yesterdays lowSupport of 920 which was broken last week was retested for resistance.
Short position can be initiated below yesterdays low of 893.50 or as close to 920 as possible.
Stoploss 920.5
Target 826
Risk-reward of 1:2.5
Raymond - long ideaRaymond is at support after a synthetic fall due to yesterdays Arvind results.
One can go long at or above 1060 with SL at 1030 for T1 - 1090 and T2 - 1120
alternatively one can go short on 960PE at 6.5 and 1200 CE at 4.25 for 8% returns in a month. (liquidity and slippage issue will be there)
or
one can go short on 1000 PE at 14 and 1140 CE at 9.20 for better returns with higher risk in a month.
Please understand the downfalls of options writing (unlimited loss) before trading. Also have a risk management in-place.
Please keep a watch on any budget bonanza for textile industry which might affect this stock and trade accordingly.
Raymond - bearish ButterflyRaymond has formed a bearish Butterfly pattern in hourly chart.
Entry at or below 1004 with SL at 1027 for T1 - 989 T2 - 977 and T3 - 966
#RAYMOND CASH : GOOD ABOVE 1125#Raymond Cash
Buy only above 1125 SL 1115 TGT 1135-1136/1144
Cmp 1116
Pushing through all time high - Slow & SteadyVery gradual and consistent move on the upside
The stock is pushing through previous highs and looking to rally further on the upside.
Good pick from medium to long term perspective
Raymond Rising WedgeRAYMOND has been moving strong in a rising wedge for months. Making new highs everytime. Recently made another lifeteime highs and is flagging up on the edge of the wedge(lot of dojis and hammers and stars).Awaiting a Reversal/Breakout from that level.
#Raymond cash : Good for 1020 if close above 960GO long 50% above 950
& 50% above 960 for 1020 levels SL 930
RAYMOND CASH : ASCENDING TRIANGLE BREAKOUT PATTERNRAYMOND CASH STRONG SUPPORT 918-924
(Ascending triangle breakout pattern)
S & R short Raymond ideaS & R short Raymond idea
as we can see from the chart it has rejected 920 upside twice with no major news coming and with RSI trending down a trade can be initiated at 875 with a stop loss of 930 and target of 825 which is .618 fib retracement also a trending channel support.
a trade can be hedge with 820pe sell at 13.90
