Raymond Ltd on a daily chart stock price at Rs.
464.20 has given the breakout at Rs. 462 of the rounding pattern with increase
in volume, indicate ongoing rally will continue towards north. Momentum
oscillator RSI has more room left on upside, which add more bullishness for the
stock price.
If one were to go by the volume data, a
higher upswing is seen on the stock price. Trader or investor
can accumulate at current level for the target of Rs. 495/522 level, with
Rs. 452 stop loss on closing basis.
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