RAIN - Trendline breakout on upside
RAIN has given good closing today, above the trendline since Jan'22 (1 year).
We can get more confirmation on up trend if it closes above 190 levels (previous swing high).
All cement stocks are showing positive momentum.
Targets can be previous swing highs of 205 levels and 255 levels.
SL: Daily candle close below 175.
Looks good for long for 6 mo to 1 yr timeframe.
We can get more confirmation on up trend if it closes above 190 levels (previous swing high).
All cement stocks are showing positive momentum.
Targets can be previous swing highs of 205 levels and 255 levels.
SL: Daily candle close below 175.
Looks good for long for 6 mo to 1 yr timeframe.
Trade closed: stop reached
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