Learningfreak

Rain Indust. 180.5 Target 116, 126

Long
BSE:RAIN   RAIN INDUSTRIES LIMITED
Rain Industries is in a uptrend and has a resistance @185.5 It is also making a small descending triangle with good build up. The triangle is converging. The breakout of this triangle is also at 185.5 RSI is 56.87 and the StochRSI is also building. Overall chart in a beautiful uptgrend.
Look for a big move, target 116, 126 and if it goes beyond the trend it would be a good investment to medium to long term.
SL 175

These views are personal and invest with caution with strict stop loss. I would suggest SL 175 for a reward of 116 or 126.

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