The outlook is bullish for Raymond. The inventory has made a bullish breakout above the important thing resistance stage of ₹1,950 on Friday. The share value surged over 5 per cent on Friday and has closed strongly. The extent of ₹1,950 can now act as a great assist and restrict the draw back if an intermediate dip occurs. Shifting common cross-overs on the day by day chart additionally strengthens the bullish case. Raymond’s share value can rise to ₹2,150 over the following few weeks. Merchants can go lengthy now at round ₹2,011. Accumulate on dips at ₹1,970. Hold the stop-loss at ₹1,920. Path the stop-loss as much as ₹2,035 as quickly because the inventory strikes as much as ₹2,090. Transfer the stop-loss additional as much as ₹2,080 when the value touches ₹2,110. Exit the longs at ₹2,140.
(Observe: The suggestions are primarily based on technical evaluation. There’s threat of loss in buying and selling.)
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