RAIN INDS - History & Patterns Repeat
Updated
The stock is riding the Parallel Channel.
It has been repeating the cup breakout pattern and climbing up.
While it about to repeat itself again, it is also breaking out of a Flag pattern.
It has been repeating the cup breakout pattern and climbing up.
While it about to repeat itself again, it is also breaking out of a Flag pattern.
Note
Be a little cautious here. 175 is a strong support . Inside bar pattern can be seen. Above 193 it can zoom. however below 178.25 can take it down further below 175 in case of which the stock gets weaker. Keep a strict stop loss.Trade active
Yesterday was a shakeout candle eliminating weak hands. Kissed support and immediately rose back. Today show of strength.
*DISCLAIMER*
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
For educational purposes only. Not a recommendation.
Treat StopLoss as your best friend to get you out of troubles.
Disclaimer
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