karthikmarar

RAYMOND LTD - Gearing up to scale New Heights

Long
NSE:RAYMOND   RAYMOND LTD
The stock has been a multi bagger giving almost 5x returns in the last two years. Recently the up move had been halted with a “BC” Bar. Then the stock after retreating started to move up attempting to take out the “BC” bar. It failed and is now attempting again. We see a clear a Volatility Contraction Pattern. The stock is still in a supply area. Once we have a good close above 1786 the stock is likely to scale new highs.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.