Arpan Shah
After a consolidation, Raymond is breaking from Cup & Handles formation on the daily chart. Other indicators are also showing strong momentum on the upside.
We can expect it to touch its 200-DMA which is at Rs 887.
The author is Technical Analyst – Research at Monarch Networth Capital.
Disclosure: I do not have any direct or indirect financial interest nor any other material conflict of interest at the time of stock recommendation in the subject company. I do not have actual/beneficial ownership of one percent or more securities of the subject company. I do not own any stocks however my relatives might own a few of the stocks in their portfolio.
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