Go long in Raymond: Sudarshan Sukhani

Raymond had a V-shaped rally and after that rally a small flag and yesterday a flag breakout, which suggests much higher levels are coming in the stock. So one can go long in it, says Sudarshan Sukhani of s2analytics.com.

May 16, 2013 / 11:26 IST

26 Aug, 2025 12:21

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Sudarshan Sukhani of s2analytics.com told CNBC-TV18, "Raymond had a V-shaped rally like Century Textiles and Bombay Dyeing, after that rally a small flag and yesterday a flag breakout. That suggests much higher levels are coming."

He further added, "We do not ask why they are coming. This market is going up, stay with it. However, there is no reason to ask why did Raymond fall and become half and why it is going. It is nice momentum stock to be on the long side, there was a breakout. I think it will keep on going higher, go long here and if possible stay with it."

first published: May 16, 2013 11:26 am

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