RAYMOND - Technical Analysis with Chart Patterns & Indicators

Last Updated Time : 19 Sept 25, 2:16 pm

Technical Rating: 3.5

Here’s a detailed technical analysis of Raymond Ltd (RAYMOND)

📊 Trend Overview

Current Trend: The stock is in a neutral to mildly bearish phase, trading slightly below its 50-DMA (₹631) but above its 200-DMA (₹596), suggesting indecision and a potential shift in momentum.

52-Week Positioning: At 56.2% of its 52-week range (₹421 – ₹784), the stock is mid-range, indicating partial recovery from lows but still far from its peak.

📈 Momentum Indicators

RSI (49.8): Neutral. Hovering around 50, indicating a balance between buyers and sellers with no clear directional bias.

MACD (-4.55): Bearish. Negative crossover suggests fading momentum and lack of bullish conviction.

Volume: Current volume (1.51L) is below the 1-week average (2.34L), indicating reduced participation and absence of breakout strength.

📉 Chart Patterns & Moving Averages

Price Action: The stock is consolidating between ₹600 and ₹640, forming a sideways channel. A breakout above ₹640 would be needed to confirm bullish continuation.

Support Levels

₹596 – 200-DMA and psychological support

₹575 – recent swing low

Resistance Levels

₹631–₹640 – 50-DMA and short-term ceiling

₹675–₹700 – previous breakdown zone

📌 Bollinger Bands

Price is near the middle band, with bands narrowing. This reflects low volatility and a potential squeeze setup—watch for volume expansion to confirm direction.

🎯 Entry & Exit Zones

Action Price Zone (₹) Rationale

Entry 595–610 Near 200-DMA and support zone

Exit (Short) 630–640 Resistance zone, near 50-DMA

Exit (Long) 675–700 If breakout sustains above ₹640

🔍 Market Behavior

Trending: No, currently range-bound.

Consolidating: Yes, price is oscillating between support and resistance.

Reversing: Not yet. MACD remains negative; RSI is flat.

🧠 Summary

RAYMOND is technically consolidating with weak momentum. Price action near moving averages and subdued volume suggest indecision. Traders may consider accumulating near ₹595–₹610 with tight stop-losses and watch for a breakout above ₹640 for confirmation of trend continuation toward ₹700.

Let me know if you'd like to compare this setup with other textile or lifestyle sector plays.

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