Technical Analysis of Indian Equities by Nooresh

Raymond – A Long Term Bet !

Raymond has been trading in a range for about a year. The stock has taken facing strong resistance around the 400 - 410 level since more than a year. There is a huge Triangle formation on the charts.

The stock has given a breakout around the 398 mark. Momentum can be seen on sustaining above 405 - 410 levels. The stock can head to 460 / 500 in short term. Long term targets are further on the higher side !!!

Click below to see technical chart:

Article by Nooresh Merani

Nooresh has written 2799 articles.

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