Long in Rain Industries
Updated
This scrip is in an uptrend since covid crash and it had previously given breakout from a major resistance but lost its momentum, fell down to the trendline. Now again it had given breakout and took a retest at Monthly Fibonacci Central Pivot.
I think this as a perfect opportunity to long this scrip with SL below the Pivot and i set target of R2 as I'll be holding it for months with RRR of 2, if you don't want to hold your position for long you may set R1 as your target.
I think this as a perfect opportunity to long this scrip with SL below the Pivot and i set target of R2 as I'll be holding it for months with RRR of 2, if you don't want to hold your position for long you may set R1 as your target.
Trade active
Hold on it if you had long on it. It just lacks the momentum, once it started to kick off with good volume, we might see a good rally.
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