on daily chart stock has performed bullish flag breakout. Expect stock to move towards 870-880 levels.
Long if it breaks the high of the previous day with a stop loss at the previous day's low. Short if it breaks the low of the previous day with a stop loss at the previous day's high. In case of gap up above the previous day's high or gap down below the previous day's low, please avoid buying it or selling it respectively. Follow the ending of the candle formed...
RAYMOND CASH 19 MARCH 2019 BUY ONLY ABOVE 830.10 STOPLOSS 820 TGT 838-840/848-850 CMP 821.30
Short sell with levels mentioned and trail half quantity on hitting 1st target REASON- Macd divergence + rejection at supply zones If you like my ideas, reach me out on my twitter handle @Harsh_3700
One may sell Raymond on rise with SL of 840 and target of 795. A sell on RSI indicates that a distribution might start that eventually culminates into a fall in price.
RAYMOND Daily, after so long days above 200 sma expecting some good upmove and also equal possibility for reversal trade with cautious.
Follow NEVADA_TRADING for more idea's .
RAYMOND CASH 04 MARCH 2019 STRONG RESISTANCE 795-800 CMP 787
NSE:RAYMOND is facing resistance near long term trend line and supply area is in between 790 - 830. 825 is the monthly pivot R1 with 790 as fib 0.618 resistance.
BUY RAYMOND FOR POSITIONAL TRADE TGT 800 SL 740
INTRA Can see upmove after pin at support STRICTLY above 775 with sl 764 for 784-791