Raymond a good stock to invest: Somil Mehta, Sharekhan

Somil Mehta, Sr technical Analyst, Sharekhan, in a chat with ET Now talks about Raymond.

What is your take on Raymond?

Absolutely, Raymond is extremely good. It has just broken out of a triangular pattern and at least 10-15% more from these levels is expected. From these levels, volumes have been increasing and the averages have been trading higher. We have been seeing higher tops higher bottoms on a weekly charts. So Raymond is a very good stock to invest in at these levels right now.