RAYMOND LTDشراء
Raymond is ready to shine
General Trend Analysis
Long-term trend: The stock experienced a strong uptrend from May 2024 to July 2024, reaching a peak above INR 2,400.
Correction Phase: After the peak, there was a noticeable decline, forming a downtrend from August through November 2024, bottoming near INR 1,200.
Recent Recovery: From late November to mid-December 2024, the price rebounded sharply to INR 1,810.55.
2. Key Price Levels
Support: Key support levels are evident near INR 1,200 and INR 1,500, where buyers re-entered the market during dips.
Resistance: The immediate resistance lies near INR 1,900, where the price stalled in the latest recovery attempt.
Historical Peak: INR 2,400 is a significant level of resistance from the stock's previous high in July.
3. Volume Analysis
The volume of 1.57 million (latest data) indicates significant trading activity, especially during the recent up-move, suggesting strong buyer interest.
4. Candlestick Patterns
Recent Bullish Momentum: The green candlesticks at the right side of the chart show a renewed bullish sentiment.
Volatility: Large-bodied candles and wide price swings indicate high volatility, especially around July and late November.
5. Conclusion & Outlook
Short-term: The stock is showing bullish recovery after finding support at lower levels. A break above INR 1,900 could signal further upside toward INR 2,100.
Medium-term: If resistance near INR 1,900 holds, there may be a consolidation or minor retracement.
Long-term: Sustained bullish momentum could retest the all-time high near INR 2,400.
Key Watch Areas:
Price action near INR 1,900 (resistance).
Support near INR 1,500 if a retracement occurs.
Volume trends for confirmation of buying strength.
Only for education purpose
Long-term trend: The stock experienced a strong uptrend from May 2024 to July 2024, reaching a peak above INR 2,400.
Correction Phase: After the peak, there was a noticeable decline, forming a downtrend from August through November 2024, bottoming near INR 1,200.
Recent Recovery: From late November to mid-December 2024, the price rebounded sharply to INR 1,810.55.
2. Key Price Levels
Support: Key support levels are evident near INR 1,200 and INR 1,500, where buyers re-entered the market during dips.
Resistance: The immediate resistance lies near INR 1,900, where the price stalled in the latest recovery attempt.
Historical Peak: INR 2,400 is a significant level of resistance from the stock's previous high in July.
3. Volume Analysis
The volume of 1.57 million (latest data) indicates significant trading activity, especially during the recent up-move, suggesting strong buyer interest.
4. Candlestick Patterns
Recent Bullish Momentum: The green candlesticks at the right side of the chart show a renewed bullish sentiment.
Volatility: Large-bodied candles and wide price swings indicate high volatility, especially around July and late November.
5. Conclusion & Outlook
Short-term: The stock is showing bullish recovery after finding support at lower levels. A break above INR 1,900 could signal further upside toward INR 2,100.
Medium-term: If resistance near INR 1,900 holds, there may be a consolidation or minor retracement.
Long-term: Sustained bullish momentum could retest the all-time high near INR 2,400.
Key Watch Areas:
Price action near INR 1,900 (resistance).
Support near INR 1,500 if a retracement occurs.
Volume trends for confirmation of buying strength.
Only for education purpose
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