NSE:RAIN
cmp 178
chart posted on 5th Sept 2023 when the price was 174
spent 3 months near this price and now it looks like going up
expecting 270 as 1st target
The objective of this analysis is knowledge sharing and education. There isn't any buy or sell advise in this article. Every stock is held for a short to medium amount of time and is positional.
It is...
📈 Exciting Bullish Pattern Alert! 🐂
📊 Pattern: Falling Wedge
📌 Symbol/Asset: RAIN
🔍 Description: Stock is forming falling wedge pattern around the Long Term Support.
We can clearly see bottom is in making.
There is a strong support of around 130-135 and we can see huge bounce from hereon.
Rain Industries is a Buy On Dips.
Not to Miss this opportunity....
NSE:RAIN - Trading in the range from the past couple of days and yesterday(10-Jan)
on Futures - Price Breakout Upside above current JAN series and also previous DEC Series VWAPS from Below.
Also currently stock is trading above strong support.
The Breakout of the trendline should give us a good upside in the short time frame.
Once sustains above 182 -...
Rain industries reversing from 61.8% retracement level
positive RSI on Daily & Weekly Time Frame
Big rally from current levels
Expecting 50% Rally from CMP
Make use of this dip and buy Rain industries which is running around 195 . Stock is trading near to the support and the risk reward is favourable. One can add further when in crosees 202 levels. Target for the september month is 220 plus
Read About WEDGE PATTERN
WHAT IS A FALLING WEDGE PATTERN?
The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is considered a bullish chart formation but can indicate both reversal and continuation patterns – depending on where it appears in the trend.
HOW TO IDENTIFY A FALLING...
Rain Industries stock is in the mode to break the channel line and might go up. Aggressive Traders Buy above 159 rupees, Conservative Traders Buy above 162.50, with Stop Loss 150 rupees, Target 172-175 rupees. NSE:RAIN
This is a public swing trade idea and is only for Learning and observational purpose. Please understand your risk and take full responsibility of your actions. I might trail my stoploss after I get an entry but even if my original Stoploss hits, i exit the trade with pre-planned loss (risk). At target, I book usually 75% positions and trail stoploss for rest. ...
Volume expansion seen past few days
Recent support of 163-166 was broken but reclaimed back quickly
This shows buyers conviction
If breakout happens then it can be bought with SL of support area and targets of 210/240 can be seen again soon
NSE:RAIN
📌 To Trade on This Chart, You Should Have Reversal Trading Knowledge. As Harmonic is One Of The Best Reversal Trading Strategy, But Always Remember That Harmonic Patterns Also Can Fail (there is no holly grail In Stock Market). That's Why One Should Must Have Knowledge Of Reversal Trading To Trade On Harmonic Patterns.
📌 That Dash Line Is Called PRZ,...
Long round bottom consolidation and a handle formation + Triangle - Chart levels are more self explanatory.
Bullish in the weekly charts can expect a breakout soon
