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Rain IndustriesHello 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.
NSE:RAINLong
by maheswar81
CMI: Bottom and breakout of the rangeCMI built up a Bottom on a Long lasting supportzone at 130$. Double (or tripple) Bottom finished with the break of the resist at 153$. Profittarget is at 178$ which nearly perfectly fits to the Setup. Two factors support this target: 1. The Zone at 178$ was an old resistance 2. If you add the width of the range to the breakout Level than you will get the same target as the result. Stop loss sligthly beyond the breakoutlevel of 153$. Take a Long Position on this Setup today.
NYSE:CMILong
by Stocktrading4living
LT: Buy at 1317 SL 1300 (Close) TGT 1347LT has traded with volumes more than 6 times its average on NSE today with Total gain of 6.82% on closing basis. Stock is in Uptrend now with Gap-up opening today. Fresh Longs being built up today on LT. Tomorrow will be an opportunity to enter the stock preferable around 1315 levels. I have mentioned an entry at 1317 with Stop-loss on closing basis below 1300 and a target 1 at 1347. If stock crosses 1358 further strength can be seen. NSE:LT
NSE:LTLong
by MohammedJunaid
FACEBOOK - Still in positive trend - short and long term view.Facebook is a stock with strong fundamentals and zero debt. Irrespective of some bad news recently, the stock still rallies in the upward trend. I have seen the weekly chart which shows since 2013 the stock is on the upward trend and moving above the 100 EMA consistently. The chart respects the strong support pink line and on july 2017 it broke the green resistance line. During nov 2016 it retraced to 38.2% and in march 2018 it retraced 50%. In these cases, it respected the strong support line. 1] The retracement may take a support at the green line and bounce back from the 180 level. 2] Incase, it breaks the green line and falls down it could respect the strong support of pink line and then bounce back. 3] IF it breaks the pink line of support then big reversal could take place. Mark 160-155 final stop loss. MACD is positive above the zero line and bullish crossover is maintained. The fall can't be predicted. Overall, it's a long trend and with good opportunity to buy shares at a discounted price. Good time to buy when bounces back from green line or pink line. Keep a watch on this stock.
NASDAQ:METALong
by netzsavvy