RAYMOND trade ideas
Raymond in Triangle PatternRaymond in Ascending Triangle... Volume are good... Break Upper order line... go for long
Only for Learning Porpose
something is missing1. Cup and handle formation at the top
2. handle breakout and price sustained
3. volumes havent spiked yet
4. price hasnt break previous resistance
5. bearish divergence in price RSI behaviour
Trade:- overall bullish setup wait for indicator or price to catch up
Is Raymond Ready For Bullish Breakout?Howdy Traders,
Raymond Ltd is exhibiting a triangle pattern, accompanied by a value area that helps maintain a balanced supply and demand dynamic.
The level of 1610 holds significant importance for bullish investors. A successful breakout above this level is expected to propel the price toward new highs. Traders may consider setting their target price as high as 1700 .
RAYMOND :Watchout Trendline BreakoutNSE:RAYMOND has given a breakout of 7 month old trendline. Will the breakout Sustain this time?
breakout Raymonds has its uptrend intact and took support at 50 WEMA.
All time high weekly close backed with volumes.
Near and far RS positive.
Price broke out of base.
There are two contractions of 33 and 15 %, wait for a single digit contraction base formation.
RaymondRaymond is trading between 1530 and 1630.Both levels are important. Res 1620 to 1630 and supp 1530 to 1540
Raymond Ltd Cmp 1192 dated 29-3-2023 Bullish Engulfing CandleRaymond Ltd Cmp 1192 dated 29-3-2023
1. Bullish Engulfing Candle near the support.
2. RSI reversal
Buy Above 1215 for target 1240-1280-1320-1360-1400 SL 1150
It is just a view, please trade at your own risk.
SHORT TERM TRADE short trem trade
raymond ltd
current price 1385 , first traget 1515 , second target 1600 with 1300 stoploss #raymond
Trendline Breakout in Raymond Limited...Chart is self explanatory.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.
Swing trade Prefect time to catch it for upside momentum minimum 30+% with SL any candle close below current candle
RAYMOND | At support > Raymond
> Cmp - 1329
> Good candle at support
> Keep an eye on it
> Weak below support
Raymond : Support lineNSE:RAYMOND is taking Support on Crucial Trend line. Can go for Long trade by keeping a strict Stop loss.
Raymond chart analysisRaymond chart analysis for intraday and swing trading other info given on chart
Losing strengthPrice is rising since Apr 2020 with Increasing volume. After Nov 2021 Price is still increasing but volume started to decrease. Finally, the price is near a trendline. Hence it is important to analyse the stock now. Same thing happened with ABFRL.
RAYMOND LTD : PRICE CONSOLIDATION NSE:RAYMOND
Raymond Ltd price consolidation with volume shrink.
The major trend is bullish, the new bull leg is started after a strong breakout with high volume and the price has formed a triangle pattern on 30 min TF, If it breaks the 1515 level then it might show good momentum up to 1550 in intraday, and for positional it should close above 1550 in daily candle for further up-move.
Use position sizing according to your stoploss level.
like this idea if you find it useful and please share with your friends.
keep learning,
happy trading.
Thankyou.
Long SetupMy Recently Passed Chart Analysis Performance. as you can see only 4 trading session 20% above return. Disclaimer: This is for demonstration and educational purpose only.
