The outlook is bullish raymond. The stock made a bullish breakout on Friday above the key resistance level at ₹1,950. The stock closed solidly on Friday, up more than 5%. The ₹1,950 level can act as good support and limit the downside in case of an intermediate decline. The crossover of the moving averages on the daily chart also strengthens the bullish outlook. Raymond's share price could rise to ₹2,150 in the coming weeks. Traders can now go long near ₹2,011. Accumulates with a dip of ₹1,970. Keep stop loss at ₹1,920. As soon as the stock price rises to ₹2,090, he tracks the stop loss to ₹2,035. Once the price reaches ₹2,110, move your stop loss further to ₹2,080. Exit long at ₹2,140.
(Note: Recommendations are based on technical analysis. Trading involves the risk of loss.)