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RAYMOND LTD

RAYMOND STOCK ANALYSIS

shashank0305 tarafından
The stock has formed a double bottom trend on 4H chart. This means that if the stock can break its resistance it can go in a bullish trend for the next few weeks. As we can see that the stock price is currently taking resistance on R1=288 again and again. So this level is the key resistance. And the second resistance is on R2=292. The EMAs are also giving a buy signal. So if the stock break the first resistance wait for it to break the second for confirmation.

Target=337
Stoploss=245

Chart PatternsTechnical IndicatorsSupport and Resistance
shashank0305
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Feragatname

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