Rain Industries
Lets Analyze the move one by one
Previous Move :
From Nov 2020 it repeating the same process (40% Upside and 20% Downside movement)., The chart explains everything
Current Situation :
It made a 40% upside move and undergoing a correction - Most possibly the levels 170(Minor) and 160(Major) will act as a Support., Also 0.5 lvl of Fibo is merging near 160 zone which gives additional confirmation for reversal
Future Move :
Once the price reverses, It will be a good candidate for Short term with 40% return
For Finding Target I used one of the method using Fibo extension (It shows 220 zone as Target, As well as if the price reverses from 160 zone, The 40% Target lies at 220 zone)
Final we can expect 220 from this Stock
Note :
Recently the stock posted extraordinary result., Aggressive traders can start accumulating this stock from 170 zone till 160 zone
Cheers and Take care..
Lets Analyze the move one by one
Previous Move :
From Nov 2020 it repeating the same process (40% Upside and 20% Downside movement)., The chart explains everything
Current Situation :
It made a 40% upside move and undergoing a correction - Most possibly the levels 170(Minor) and 160(Major) will act as a Support., Also 0.5 lvl of Fibo is merging near 160 zone which gives additional confirmation for reversal
Future Move :
Once the price reverses, It will be a good candidate for Short term with 40% return
For Finding Target I used one of the method using Fibo extension (It shows 220 zone as Target, As well as if the price reverses from 160 zone, The 40% Target lies at 220 zone)
Final we can expect 220 from this Stock
Note :
Recently the stock posted extraordinary result., Aggressive traders can start accumulating this stock from 170 zone till 160 zone
Cheers and Take care..
Trade closed: target reached:
Bang in Just 50 Days