Stock analysis Raymond Limited RAYMOND
Recent prices of RAYMOND Raymond Limited are as follows: Daily volume is divided by 10 day averaged volume
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, and it has been below this line for quite some time now. This is not a good sign, stock might keep falling and stock might move lower...
My analysis of Raymond Limited is bearish for shortterm, but trade for tomorrow is selective. Take a sell trade only if Raymond Limited stays below 1892.3, but if it comes above 1892.3, then a intra day buy could be more profitable.
If you take a sell trade below 1892.3, then use 1892.3 as stoploss and 1787.8 as target. However if you take a buy trade in Raymond Limited, then use 1892.3 as stoploss and 1979.28 as target.