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.
This is follow-up on Raymond. Can check link to related ideas.
Target 4 and 5 achieved. Gain of more than 206%. Target 6 is ON.
Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart.
Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered....
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.
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.
