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...
Any 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:...
Raymond surges 10%, hits record high on healthy business outlook
Shares of Raymod hit a record high of Rs 2,169.85 as they rallied 10 per cent on the BSE in Tuesday's intra-day trade on expectation of strong earnings growth in the second half of the financial year 2023-24. Since April, the stock price of the garments & apparels seller has zoomed 78 per cent. In...
1. 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
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...
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.
Raymond 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.
![RAYMOND: [LONG TERM] RAYMOND- LONG](https://s3.tradingview.com/9/9Tq6qaPT_mid.png "[LONG TERM] RAYMOND- LONG")
