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* On a daily chart, the stock has given a breakout of its Rising Wedge formation which is a Bearish Reversal formation and indicates a downside movement in the counter.
* Moreover, the stock has been trading below its 21 & 50 Days Moving Average which suggests a negative momentum for the time being.
* On an hourly chart, the stock has been trading in a Downward Falling Channel formation which shows a southward movement in the counter.
* A daily momentum indicator RSI reading is at 34.08 level with a negative crossover which points out for a negative breath in the counter.
* Based on the above technical structure, we are expecting a downside movement in the counter in a few trading sessions.
Sell Raymond Group Ltd @ 742.35-745.00 Target 695 Stoploss 765
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