Hello Friends,
Rain Industries - price corrected around 80% due to carbon price correction.
when a price is correct by 80% it is worthy taking a watch as an investor / long term traders.
As per TA, it is making a long falling wedge and most of the time wedge tend to break upside. So,
one can buy between 85-105 rs and sl below 85 for the target of high (480) again in 1-3 years period.
Traders can wait for the wedge breakout and take a call. The blue line is expected price movement in coming weeks.
Please post your comments.
Rain Industries - price corrected around 80% due to carbon price correction.
when a price is correct by 80% it is worthy taking a watch as an investor / long term traders.
As per TA, it is making a long falling wedge and most of the time wedge tend to break upside. So,
one can buy between 85-105 rs and sl below 85 for the target of high (480) again in 1-3 years period.
Traders can wait for the wedge breakout and take a call. The blue line is expected price movement in coming weeks.
Please post your comments.
Comment:
thats beautiful breakout.
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