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Wednesday, July 20, 2016

Raymond: The complete triangle!


RAYMOND

Ths scrip has been moving within a pattern of triangle. The breakout of this triangle today gives us a breakout implication of around 510 and more. Looking at the MACD, it is evident that the breakout would make the implication to its full swing. 

24/07/2016: CMP: 458.45: Having fallen back inside the triangle, keep a cautious view on the stock. Please keep a SL @ 448, the base of the triangle...Risky can exit...

25/07/2016: CMP: 456, Book Loss, Call Closed...

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