CautiousChartist

RAIN INDS - History & Patterns Repeat

Long
NSE:RAIN   RAIN INDUSTRIES LTD
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 .
Comment: 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.

Comments

This is amazing!
+2 Reply
CautiousChartist Guy_Batarang
@Guy_Batarang, Thank you. Hope it give us amazing returns as well.
+2 Reply
Guy_Batarang CautiousChartist
@CautiousChartist, Haha I hope the same
Reply
what about ECLERX SERVICES
+1 Reply
@InvestorsCorner Should make a move soon. Looks good enough.
Reply
InvestorsCorner CautiousChartist
@CautiousChartist, thanks
good idea bro
Reply
InvestorsCorner CautiousChartist
@CautiousChartist, hits a 20% upper circuit.................
good one
Reply
CautiousChartist InvestorsCorner
@InvestorsCorner, Yeah. Knew it would go up but frankly didn't expect a 20% burst.
Reply
InvestorsCorner CautiousChartist
@CautiousChartist, haaaaa...
any targets further.....
Reply
CautiousChartist InvestorsCorner
@InvestorsCorner, There is a huge gap and it needs to be filled. I suggest to book some profit if it isn't making higher highs on Monday.
Reply
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