Raymond has been trading in a range for about a year. The stock has taken facing strong resistance around the 400 - 410 level since more than a year. There is a huge Triangle formation on the charts.
The stock has given a breakout around the 398 mark. Momentum can be seen on sustaining above 405 - 410 levels. The stock can head to 460 / 500 in short term. Long term targets are further on the higher side !!!
Click below to see technical chart:
https://www.analyseindia.com/analyseindia/readPost.jsp?postid=124
