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Raymond

Discussion in 'Technical Analysis' started by sujan4bw, Nov 6, 2012.

  1. sujan4bw

    sujan4bw Member

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    Hi All,

    Interesting pattern in Raymond. It is trading at 401.

    Target is 420 with stop loss of 380.

    Regards
    Sujan
     
    sujan4bw, Nov 6, 2012
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  2. shabbir

    shabbir Administrator Staff Member

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    The stock is in range of 300 to 400 for almost 1.5 years and so that made me to go with some fundamentals to see why and I see that this company has reported negative profits for quite sometime and there is nothing going right anywhere apart from the fact that sales is increasing all the time.

    It could be one of those stock which when break the range of 400, could be a good play based on the fact that many big investor would evaluate this stock and then consider investing when things are in good direction for this stock.
     
    shabbir, Nov 6, 2012
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