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Stock analysis Raymond Limited RAYMOND

More indepth analysis on MunafaSutra.com

Moving Averages for Raymond Limited

  • 5Day Average: 2944.84
  • 12Day Average: 2961.13
  • 20Day Average: 2789.67
  • 50Day Average: 2459.64
  • 100Day Average: 2155.49
  • 150Day Average: 2017.35
  • 200Day Average: 1954.13

RAYMOND Indicators & signals

Indicator MACD (12,26,9)

2845.53, 2721.01, 181.96
Indicator MACD is in positive zone

Indicator ADX (14)

23.46, 23.9, 38.56
Indicator ADX is indicating that momentum is weak.
Momentum is towards selling.

Indicator RSI (14)

Current RSI is: 44
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of RAYMOND Raymond Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
26 Fri Jul 2024 2052.55 2005.00 to 2200.00 -34.97% 0.31 times
10 Wed Jul 2024 3156.10 3078.00 to 3249.90 2.56% 1.12 times
09 Tue Jul 2024 3077.40 3061.00 to 3292.60 -4.09% 0.62 times
08 Mon Jul 2024 3208.65 3185.00 to 3496.00 -0.65% 1.4 times
05 Fri Jul 2024 3229.50 3004.30 to 3484.00 9.85% 4.62 times
04 Thu Jul 2024 2940.05 2925.00 to 3012.95 -0.75% 0.18 times
03 Wed Jul 2024 2962.35 2908.15 to 2993.05 -0.53% 0.16 times
02 Tue Jul 2024 2978.25 2951.05 to 3076.00 -2.14% 0.28 times
01 Mon Jul 2024 3043.35 2925.00 to 3150.00 4.12% 0.65 times
28 Fri Jun 2024 2922.80 2894.00 to 3011.80 -1.51% 0.36 times
27 Thu Jun 2024 2967.50 2875.70 to 3007.85 -0.92% 0.61 times
26 Wed Jun 2024 2995.05 2783.55 to 3030.00 7.76% 1.67 times

Technical analysis forecast for Raymond Limited Stock is that its in a downtrend for shortterm, and I will avoid taking a BUY or a LONG trade in this stock. Look for opportunities to sell or SHORT Raymond Limited RAYMOND at this time. Stock is falling and might fall more.

It appears as if Raymond Limited RAYMOND gave a large move recently.

Stock of Raymond Limited (RAYMOND) is trading below an important moving average line, but it crossed this line recently, which means that it could show a small or a large recovery soon enough depending on its trend.

Although my analysis for Raymond Limited is bearish for shortterm, but stock is in heavy over sold zones and there are high chances of some recovery tomorrow. You might want to buy the stock tomorrow in intra day with a stoploss of 2084.9, for a target of 2464.2 or 2780.31

More indepth analysis on MunafaSutra.com