rk10

Rain Industries - Bottoming Out

Long
NSE:RAIN   RAIN INDUSTRIES LTD
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.


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