Raymond Rockets Past ₹1811! Bullish Targets Await!Raymond on the 4-hour timeframe has initiated a long trade setup, with TP1 already achieved at ₹1811.60. This trade was identified using the Risological Swing Trading Indicator , which confirms the potential for further bullish movement as long as the trend holds steady.
Key Levels:
TP1: ₹1811.60 ✅
TP2: ₹2058.55
TP3: ₹2305.50
TP4: ₹2458.15
Technical Analysis:
The entry price of ₹1659.00 has delivered a strong upward momentum, surpassing the first profit target with ease. The stop-loss is placed at ₹1535.55 to manage risk. The price has clearly broken out from consolidation and has been following the Risological trend line, indicating a strong continuation in the upward trend. Traders can aim for the remaining targets with confidence if the current bullish trajectory persists.
RAYMOND
#RAY/USDT#RAY
The price is moving in a descending channel on a 1-day frame
It is adhering to it well and has completed the right shoulder
We have a bounce from the lower limit of the descending channel and we are now touching this support at a price of 1.52
We have a downtrend on the RSI indicator that is about to be broken, which supports the rise
We have a trend to stabilize above the moving average 100
Entry price 2.05
First target 2.21
Second target 2.55
Third target 2.85
MACD Crossover Swing Trade📊 Script: ARE_M
📊 Sector: Auto Ancillaries
📊 Industry: Auto Ancillaries
⏱️ C.M.P 📑💰- 1401
🟢 Target 🎯🏆 - 1555
⚠️ Stoploss ☠️🚫 - 1308
📊 Script: IRB
📊 Sector: Infrastructure Developers & Operators
📊 Industry: Construction
⏱️ C.M.P 📑💰- 76
🟢 Target 🎯🏆 - 85
⚠️ Stoploss ☠️🚫 - 72
📊 Script: RAYMOND
📊 Sector: Textiles
📊 Industry: Textiles - Products
⏱️ C.M.P 📑💰- 2471
🟢 Target 🎯🏆 - 2653
⚠️ Stoploss ☠️🚫 - 2395
📊 Script: JUBLPHARMA
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
⏱️ C.M.P 📑💰- 757
🟢 Target 🎯🏆 - 817
⚠️ Stoploss ☠️🚫 - 731
📊 Script: NATCOPHARM
📊 Sector: Pharmaceuticals
📊 Industry: Pharmaceuticals - Indian - Bulk Drugs
⏱️ C.M.P 📑💰- 1082
🟢 Target 🎯🏆 - 1161
⚠️ Stoploss ☠️🚫 - 1040
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
Eat🍜 Sleep😴 TradingView📈 Repeat 🔁
Happy learning with trading. Cheers!🥂
🚨#RAY/USDT Long#RAY
On the 4-hour frame, we have a bearish channel that the price is trading within, and we are about to break it
We have strong upward momentum that the price is expected to continue rising
The market during this period is expected to push many alternative currencies upward
Entry price is 1.18
The first goal is 1.28
Second goal 1.43
The third goal is 1.65
RAYMONDNSE:RAYMOND
One Can Enter Now ! Or Wait for Retest of the Trendline (BO) Or wait For better R:R ratio
Note :
1.One Can Go long with a Strict SL below the Trendline or Swing Low of Daily Candle.
2. Close, should be good and Clean.
3. R:R ratio should be 1 :2 minimum
4. Plan as per your RISK appetite
Disclaimer : You are responsible for your Profits and loss, Shared for Educational purpose
RAYMOND - AnalysisRaymond Ltd. is currently showing strong signs of bullish momentum in the market, backed by various technical and fundamental indicators. The one-day analysis reveals a strong bullish sentiment with a significant price rise supported by robust trading volume. The Parabolic SAR (PSAR) is bullish, indicating a crossover that supports the upward trend. HighLowBand and HighLowMABand indicators are both strongly bullish, signaling a positive breakout. The daily candlestick pattern is also displaying a strong bullish signal.
Raymond Ltd. has encountered notable resistance levels in the short term, with top points at 1813.4 on November 2, 2023, 1805.05 on October 17, 2023, 1810.65 on October 10, 2023, and 1812.2 on September 28, 2023. These resistance levels provide additional evidence of the stock's potential for an upward breakout and may serve as important reference points for traders and investors.
In terms of short-term resistance, Raymond Ltd. has faced several key points, with the latest being at 1813.4 on November 2, 2023. This suggests that the stock is poised for further potential upside. Furthermore, the company's Price to Earnings Ratio is at an attractive 7.47, and the EV to EBITDA ratio stands at 6.07, indicating that the company may be undervalued. This undervaluation is reinforced by the Price to Intrinsic Value ratio of 0.768 and an impressive Piotroski F Score of 8.0, highlighting the company's excellent financial health.
Raymond Ltd. has delivered a remarkable Earning Yield of 13.38% and has demonstrated excellent quarter-over-quarter (QoQ) earnings per share (EPS) growth. Over the past year, the company has achieved a strong Return On Equity of 56.76%. The annual net profit has been on a consistent upward trajectory over the last three years, and the net profit has increased for the last five consecutive quarters. Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) has shown steady growth over the past three years, while EPS has exhibited consistent growth over the last four quarters.
The company maintains a good Return On Capital Employed of 10.38% and a healthy net margin of 18.33%. However, it's important to note that Raymond Ltd. offers a relatively low dividend yield of 0.170%, indicating a focus on reinvesting profits for growth. Additionally, the company's debt-to-equity ratio has decreased and is currently at its lowest point in the last five years, suggesting improved financial stability.
Notably, the year-over-year net margin has experienced a significant jump of 46.55%, reflecting the company's improving profitability. Furthermore, there has been a consistent increase in total assets over the past three years, indicating a steady expansion of the company's overall financial strength. All these indicators collectively suggest that Raymond Ltd. is on a strong growth trajectory, making it an attractive prospect for investors seeking undervalued stocks with solid fundamentals and technical strength.
Go Long above 1819.95
Stop Loss 1641
#KPRMILL 684 target 800 Buy - Rachit SethiaKPRMILL
CMP 684
TGT 800+
SL 625
RR = 2
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
#SIYSIL CMP 596 TGT 754 Buy Recommendation by Rachit SethiaSIYSIL
CMP 596
TGT 754
SL 516
TF <6M
RR >3.4
Return >32%
NSE:SIYSIL
Factors: BULLISH WEDGE BREAKOUT Trend Following Rising Volume with rising Prices. Flag pattern breakout. Pennant Pattern Breakout with Bullish Candle. Retest Successful. Higher Highs & Higher Lows. Broken above RESISTANCE levels Trading at SUPPORT levels Earnings are strong. Bullish Wedge Breakout Risk Return Ratio is healthy. And Rising from Double Bottom Pattern to Flag Pattern forming. If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations. With 💚 from Rachit Sethia
RAYMOND LTD - Gearing up to scale New HeightsThe stock has been a multi bagger giving almost 5x returns in the last two years. Recently the up move had been halted with a “BC” Bar. Then the stock after retreating started to move up attempting to take out the “BC” bar. It failed and is now attempting again. We see a clear a Volatility Contraction Pattern. The stock is still in a supply area. Once we have a good close above 1786 the stock is likely to scale new highs.
240 MINS TIME FRAME - RAYMOND STOCKThe Structure looks good to us, waiting for this instrument to correct and then give us these opportunities as shown on this instrument (Price Chart).
Note: Its my view only and its for educational purpose only. Only who has got knowledge about this strategy, will understand what to be done on this setup. its purely based on my technical analysis only (strategies). we don't focus on the short term moves, we look for only for Bullish or Bearish Impulsive moves on the setups after a good price action is formed as per the strategy. we never get into corrective moves. because it will test our patience and also it will be a bullish or a bearish trap. and try trade the big moves.
we do not get into bullish or bearish traps. We anticipate and get into only big bullish or bearish moves (Impulsive Moves). Just ride the Bullish or Bearish Impulsive Move. Learn & Know the Complete Market Cycle.
Buy Low and Sell High Concept. Buy at Cheaper Price and Sell at Expensive Price.
Keep it simple, keep it Unique.
please keep your comments useful & respectful.
Thanks for your support....
Tradelikemee Academy
Raymond : gearing up for Bigger Target
Good Day ,
Hello Traders,
Raymond coming out of big consolidation as big rounding bottom is formed.
Chart Self explanatory
Time Frame : Daily
Disclaimer : I am not SEBI registered analyst, this is for educational purposes.
Please trade as per your risk and do consult with your financial advisor before taking any
trading decisions..
If you really like the analysis , please do comments, LIKE and Follow me.
#raymond #abfrl #nykaa #arvind #kprmill #kitex #pageind #trident#Raymond
NSE:RAYMOND
NSE:RAYMOND
RAYMOND
CMP: 780
Entry 770
Target 980
SL 700
RR > 3
TF < 6 months
Return ~ 30%
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
If you like my work KINDLY LIKE SHARE & FOLLOW this page for free Stock Recommendations.
With 💚 from Rachit Sethia
RAYMOND ULTRA BULLISH 🎯1000NSE:RAYMOND broke out from a major wedge pattern and went into a range (pink rectangle) for 1 month before releasing huge momentum today.
Setup is similar to the Precision Wires idea posted few days back. (Up by 25% since posting date)
Price should consolidate for 1-5 days before making the next momentum move towards 1000.
One can enter 10-20% of their position now considering the huge momentum, as a pullback may never come.
Enter with full position after some consolidation and confirmation. Aim for 1:3 setup.
Targets- 850/900/1000+
sl- below 685
LET GO OF THE TRADE AND BOOK PROFITS WITH 20% OF YOUR POSITION IF PRICE RALLIES WITHOUT RETRACE.
Sl is fixed. Position size according to the entry price.
HAPPY TRADING!
Ray uptrend 18 $
Those who buy RAY currency can save in the range of $ 18 to $ 20
And if they encounter resistance, they will buy $ 18 to $ 20 again at a price of $ 15 to $ 16
The difference between a successful person and others is not a lack of strength, not a lack of knowledge, but rather a lack of will .