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raymond: Stock Radar: Raymond records range breakout after 7 months on daily chart. Time to buy?

The stock gave a break down from 1,900-2,000 levels in September 2023 and since then it has seen a timewise and price-wise correction. It found support above 1,600 levels. The garment stock finally broke out from the range as it closed above 2,000 levels. It closed at Rs 2,011 on April 19, 2023. It rallied over 6% in a week.

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