RAYMOND
has closed at 407.60. A clear breakout with a big decisive UP bar with 7.70 %
of gains in a single day. Please see the chart below to see the breakout. As we
always mention that all the breakouts are worth taking a chance to trade, at
least one can start with
a small quantity. This stock has a potential to
achieve further more gains with higher levels. One can initiate a long position
in this stock for the targets of 425 and 440. A strict Stop Loss of 390 on closing
basis is a must. Though it is recommended to buy at CMP, one can buy and add on
any dip also. Stop Loss is a life saving tool and one must not forget this.
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