rk10

Rain Industries - Bottoming Out

Long
NSE:RAIN   RAIN INDUSTRIES LTD
234 views
2
Another candidate which could be bottoming out. Have found a workaround to the SC ban on its raw material. Capex complete.

Technically stock is making higher lows and has consolidated for a long time after the steep fall. On the weekly the RSI has a triple positive divergence as well. Could soon potentially beakout of this range and once it crosses the 200EMA it could go way higher based off its current low PE.

Comments

Awesome chart sir
Reply
rk10 devban76
@devban76, This is an old chart..ive shared the new one on twitter today.. :) @rdkriplani
Reply
@rk10, thanks sir for letting me know
Reply